You are here: Home » International » News » Companies
Business Standard

Wall Street veterans playing catch up with the soaring Netflix shares

That suggests either that shares in the video streaming pioneer are spectacularly overbought, or Wall Street's biggest names have a lot of work to do


Netflix Inc's 65 percent jump so far in 2018 has been so fast that Wall Street analysts earlier this week were as much as $60 behind the curve on a stock most say is a buy. The online video streamer's shares have remained well above analysts' average 12-month target for much of this year, and the gap between the actual share price and the mean target hit a two-year high earlier this week. Like the other FAANG technology stocks, Netflix shares have soared over the past few years, driven by subscriber growth. While the mean 12-month price target that brokerages have ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, March 09 2018. 19:29 IST