Netflix Shares Hit All-Time High as Market Sink
Netflix won't go down with the ship.
The streaming giant hit its record high on Tuesday, June 19, despite the market plunging after President Donald Trump announced a possible $200 billion in tariffs on China, on top of the $50 billion already enforced.
Early Tuesday morning, Netflix received multiple price target bumps from bullish analyst firms:
GBH Insight, raised Netflix's price target to $500 from $400.
Monness, Crespi, Hardt & Co., raised his price target to $460 from $375 and maintained a buy rating.
Piper Jaffray, also raised Netflix's price target to $420 from $367 and maintained the company's overweight rating.
Shares of Netflix hit an all-time high of $405.29 before settling down at $404.98
The streaming giant hit its record high on Tuesday, June 19, despite the market plunging after President Donald Trump announced a possible $200 billion in tariffs on China, on top of the $50 billion already enforced.
Early Tuesday morning, Netflix received multiple price target bumps from bullish analyst firms:
GBH Insight, raised Netflix's price target to $500 from $400.
Monness, Crespi, Hardt & Co., raised his price target to $460 from $375 and maintained a buy rating.
Piper Jaffray, also raised Netflix's price target to $420 from $367 and maintained the company's overweight rating.
Shares of Netflix hit an all-time high of $405.29 before settling down at $404.98
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