Netflix Shares Pop Above $100 After Upgrade
Netflix shares were up this morning, after the company got one upgrade that is countering the effects of a firm that initiated coverage with a “sell” rating, sending the stock back over the $100 level.
“Expectations for (subscriber) growth have come down,” Janney Montgomery analyst Tony Wible wrote in upgrading shares to buy, “and sell-side sentiment is generally pessimistic, setting the stage for upside driven by new subs, content cost control (for existing content), and a potential price increase.”
