Shares of Netflix (NASDAQ: NFLX) climbed 5.7% on Wednesday, following bullish analyst comments.
Pivotal Research analyst Jeffrey Wlodarczak reiterated his buy rating on Netflix's stock and boosted his price forecast from $600 to $650. His new target price represents potential gains for investors of roughly 22% from the stock's current price near $535.
Analysts see strong returns ahead for Netflix's shareholders. Image source: Getty Images.
Source Fool.com