Today’s move follows yet another analyst call, with Morgan Stanley upgrading the unlimited movie download provider. Shares were raised to Overweight from Equal Weight and the new price target is $85 per share.
Last week’s call was from Citigroup calling the stock a Buy, but its target was listed as $120 at the time. Before the effects of this new call this morning, Thomson Reuters had a consensus target of only $73.96. That being said, this morning’s move may create a situation where analysts have to say that the valuation is full or they will have to raise their price target objectives. Netflix is just not one of those stocks that can trade at its consensus price target for too long because it is such a risky stock.
We have seen close to 250,000 shares trade hands and the last print was up at $71.18 against a 52-week range of $52.81 to $133.43.
JON C. OGG
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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