Barron's
April 17, 2020
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.