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

April 17, 2020
Bernie McTernan

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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