Another Analyst Says Netflix Is Going to $500 a Share
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Wall Street’s starting to embrace the idea that Netflix Inc. will rally to $500 a share.
Credit Suisse analyst Douglas Mitchelson assumed coverage of the stock on Tuesday with an outperform rating and a price target of $500, which implies upside of about 20 percent to the last close. He’s the third analyst out of 45 that sees Netflix breaching the $500 mark, according to Bloomberg data.