Next Stop for Netflix Inc. Stock: $225?
Netflix (NASDAQ: NFLX) is one of the best-performing stocks on the market this year, but that rally hasn't quieted the bulls who see room for more growth ahead. Instead, optimism is building as investors look forward to the fourth quarter, typically one of the streaming pioneer's strongest seasonal periods.
In fact, shares popped last week following an aggressive upgrade by UBS. The investment firm slapped a $225 price target on the stock and called it a timely buy heading into the streaming video giant's third-quarter earnings report on Oct. 16.
Let's take a closer look at UBS' reasoning for upgrading Netflix stock.
Source: Fool.com
Netflix Inc. Stock
€634.40
1.570%
Our community is currently high on Netflix Inc. with 80 Buy predictions and 7 Sell predictions.
With a target price of 649 € there is a slightly positive potential of 2.3% for Netflix Inc. compared to the current price of 634.4 €.
