One site for Breaking News, Politics, Sports, Entertainment & more!

Newz Chooze
Back

Netflix Inc. shares were up 1.7% in after-hours trading Thursday after an upgrade by UBS. In a note to clients, UBS analyst Eric Sheridan boosted his rating on Netflix stock to buy, from neutral. He also raised his price target to $410 a share, from $400. That's about a 25% upside from Thursday's closing price of $324.66. Sheridan cited strong subscriber numbers and investors' clearer understanding of the streaming company's challenges. Netflix shares are up 21% year to date, compared to the S&P 500's 2.4% gain. Over the past 12 months, Netflix is up nearly 53%, compared to the S&P 500's 5.5% decline. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.