Netflix Gains As Credit Suisse Upgrades To Outperform By Investing.com
By Dhirendra Tripathi Investing.com – Netflix (NASDAQ:NFLX) rose 2% during Friday’s trading as Credit Suisse (NYSE:CS) upgraded the stock to outperform from neutral. The bank kept the target price unchanged at $586, an almost 11% upside from the current level of $528.63. Analyst Douglas Mitchelson expects Netflix's subscriber growth to normalize in the fourth quarter. He expects a stronger full year content slate in 2022 relative to 2021 and sees a favorable risk/reward at current share levels. According to Mitchelson, the streaming giant still wears the crown in original programming. He expects it to assert its...
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