JPMorgan raises Netflix price target

Wednesday, 08. September 2021 10:46

JPMorgan Chase raised Netflix's price target from $625 to $705 on Wednesday amid an array of new releases on the streaming services, including the last season of its hit series Money Heist.

A day earlier, Atlantic Equities hiked the company's price target to $780 and predicted the streaming service's number of subscribers will surge from 209 million reported at the end of the second quarter to 311 million in 2025.

Netflix shares climbed more than 16% over the last month and are up 4% for the week to reach $606.71 at the end of Tuesday's session.

Related Links: Netflix Inc.
Breaking the News / NP