ProSieben, Discovery to build German TV streaming platform

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Netflix (NFLX) PT Raised to $460 at BofA/Merrill Lynch; 'Still More Upside... Drivers Include Pricing, Margins & India'

June 27, 2018 6:08 AM EDT

BofA/Merrill Lynch raised its price target on Netflix (NASDAQ: NFLX) to $460.00 (from $352.00) while maintaining a Buy rating, following an update to the company's outlook.

Analyst Nat Schindler notes a positive outlook on the shares, citing NFLX's year-to-date performance, up 108% in 2018, while... More