Analysts are optimistic about Netflix Inc (NASDAQ:NFLX) as the streaming company gears up for its Upfront presentation on May 16. JPMorgan analyst Doug Anmuth reiterated an Overweight rating on Netflix stock with a price target of $650, citing several factors driving the stock’s recent rebound. Netflix Stock Rebound Chart: Benzinga Pro After initially dropping post-earnings on April 18, Netflix shares have rallied back to their pre-earnings price, outperforming the S&P 500, as represented by the
Netflix is an industry-leading enterprise that is firing on all cylinders right now.
Investors pushed stocks higher following another week of big earnings reports, including Disney's. Inflation also remained front and center ahead of key reports coming next week.