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Netflix (NFLX) stock notched its third record high in as many days on Tuesday as at least two Wall Street analysts raised their price targets on the streaming video company. Pivotal Research raised its price target on Netflix stock to 850 from 650. Topeka Capital Markets raised its target to 723 from 604. Both rate the stock a buy. Netflix stock was up a fraction in afternoon trading on the stock market today, near 621. Earlier in the day, shares hit an all-time high of 628.50. Netflix has been rising on investor enthusiasm for the company’s international expansion. The Los Gatos, Calif.-based firm expects to be in 200 countries by the end of 2016, when it completes its global rollout. It’s in more than 50 today. On Friday, news reports said Netflix was negotiating with several Chinese online broadcast firms to enter China through a partnership. Netflix intends to start… Scalper1 News
Scalper1 News