Netflix Stock’s Rally Pauses With Earnings Coming Up. Why One Analyst Says to Sell

April 17, 2020
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The Netflix rally may have finally run out of steam.

It’s no wonder. The stock rallied almost 19% in this week’s first four sessions, reaching a record high that left the streaming-video company’s valuation above those of both Walt Disney (ticker: DIS) and Comcast (CMCSA). People stuck at home because of the Covid-19 pandemic are spending more time watching Netflix (NFLX).

Rosenblatt Securities analyst Bernie McTernan kept his Neutral rating, but raised his target to $370, from $275.

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