Netflix Stock Eyes New Highs as Live Events Strategy Fuels Growth Beyond 33% YTD

Netflix Stock Eyes New Highs as Live Events Strategy Fuels Growth Beyond 33% YTD

Market Analysis by covering: Netflix Inc. Read 's Market Analysis on Investing.com

Evercore ISI hikes Netflix price target, says stock can march to new heights thanks to live events

Analyst Mark Mahaney maintained his outperform rating on the streaming giant and raised his price target by $200.

Netflix Inc. (NFLX) shares have increased by more than 80% in the last 12 months, but they still have an important uphill journey, if Bank Of America (BofA) forecasts are met, which has just raised the price target to 12 months from the streaming giant. Specifically, Bank of America kept its purchase recommendation on Netflix shares and raised the target price to $1,490 (from the previous $1,175), based on a multiple of approximately 40 times th…