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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

Reuters 

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 ...

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