Barclays raised the firm’s price target on Netflix (NFLX) to $1,100 from $1,000 and keeps an Equal Weight rating on the shares as part of a Q2 earnings preview for the media group. Legacy media earnings could surprise to the upside to some extent, but the valuation debate will likely remain around corporate actions, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix Hold Rating: Balancing Positive Forex Impact and Strategic Uncertainties
- Apple (AAPL) Sets Sights on Formula 1 Broadcast Rights as Brad Pitt’s Movie Sparks Interest
- Mixed options sentiment in Netflix with shares down 0.75%
- Strong Growth Potential and Strategic Initiatives Drive Netflix’s Buy Rating with $1,440 Price Target
- Seaport Downgrades Netflix Stock (NFLX) to Hold, Warns It ‘Needs Time to Execute’