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Benzinga
Benzinga
Business
Shanthi Rexaline

Netflix Analyst Upgrades Stock After Longtime Bearish Stance: Here's Why

Netflix Michael Pachter Nasdaq

Netflix, Inc. (NASDAQ:NFLX) shares have come under pressure recently, and the weakness has prompted an analyst at Wedbush to upgrade the stock and take a neutral stance on it.

The Netflix Analyst: Michael Pachter upgraded Netflix from Underperform to Neutral, with a $342 price target. The analyst attributed the upgrade to the streaming giant's shares hitting Wedbush's $342 price target.

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