Netflix shares Climb
Shares of Netflix Inc. obtained a boost Tuesday after a Credit Suisse analyst upgraded the online film rental company following a recent drop, and said any perceived chance around mounting competitors in the film streaming space is now “more fully reflected” from the shares.
Depending on a Credit Suisse survey, the analyst also explained that Amazon’s new streaming service is unlikely to acquire Netflix consumers to cancel their subscriptions. Blackledge raised his target price to $280 from $180 and said Netflix is likely planning to expand additionally into international markets inside the 2nd half of this yr and past.
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