Netflix Will Surge 28% to $650, According to This Analyst

The stock of Netflix (NASDAQ: NFLX) has been one of the undisputed winners this year, having jumped 56% so far in 2020, but will surge to new all-time highs over the course of the coming year.

So says Pivotal Research analyst Jeffrey Wlodarczak. On Wednesday, Wlodarczak raised his price target from $600 to $650, a high among the analysts who cover Netflix, while maintaining his buy rating on the stock. His new target represents potential gains for investors of about 28% over the closing price on Monday, roughly $506.

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Source Fool.com