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Netflix Analysts Upgrade Stock, Boost Price Targets After Quarterly Results

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hollywoodreporter.com
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Netflix's better-than-expected fourth-quarter subscriber additions and improved free cash flow forecast led several Wall Street analysts on Wednesday to boost their price targets for the global streaming giant's shares, with at least two also upgrading their stock ratings.

Netflix, led by co-CEOs Reed Hastings and Ted Sarandos, late on Tuesday said that it added 8.51 million subscribers during the fourth quarter, more than the 6 million targeted in a sign that the coronavirus pandemic has been a stronger force than competition from new streaming services.

The fourth season ofThe Crownand new hit showsThe Queen’s GambitandBridgerton were among the original fare launched during the latest period.

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Ted Sarandos Reed Hastings Coronavirus Netflix 2020
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