Netflix to Announce Fourth Quarter 2023 Financial Results
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Netflix (NFLX) shares rally as Morgan Stanley ups price target, cites increasing confidence in return on content spending
December 18, 2023 10:30 AM ESTNetflix (NASDAQ: NFLX) shares jumped more than 3% Monday after Morgan Stanley raised its price target for the stock to $550 from $475 per share.
NFLX shares are trading around the $488 mark at the time of writing.
Analysts at the investment bank cited the Overweight-rated company's "attractive risk/reward," its increased confidence in Netflix's return on content spending, execution on growth initiatives, including paid sharing and... More
