Study of NFLX
- 11/05/2018 – Price Increases Could Push Netflix Stock Above $500
Harrigan on Monday boosted his rating on the stock to Buy from Underperform, setting a price target of $406 on the shares, near FactSet’s average of analyst targets. The shares were down about 1.3% to around $305 on Monday morning.
Harrigan’s target for the stock is based on a global price increase of 3.5% a year through the middle of the next decade. At the 5.1% rate, he suggested, the stock could go as high as $531. In his note, Harrigan listed three factors behind his vision for how pricing could affect Netflix stock:
