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Internet video service Netflix (NFLX) received its second bullish report in about as many trading days on Monday. BTIG Research analyst Richard Greenfield reiterated his buy rating on Netflix stock and raised his 12-month price target to 950 from 600. Netflix stock was up more than 2%, near 673, in midday trading on the stock market today. Netflix stock is approaching its all-time high of 692.79, reached on June 10. On Thursday, Oppenheimer analyst Jason Helfstein raised his 12-18 month price target on Netflix stock to 775 from 610 and maintained an outperform rating. Greenfield’s bullish note on Netflix is based on his view that the breakdown in the traditional media ecosystem is benefiting the streaming video service. “Netflix has a singular vision — ‘to replace linear TV,'” Greenfield said in a research note. “The traditional media ecosystem is simply ill-prepared to make the transition as they rely… Scalper1 News
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