September 1, 2020
Netflix keeps firing on all cylinders; the latest Wall Street salvo coming from RBC Capital Markets, which tagged the subscription streaming video behemoth with an “outperform” stock rating.
Citing an internal survey from the U.S., U.K. and India suggesting satisfied subscribers and low churn levels, RBC says Netflix shares can grow 13% to $620 per share, up from the current $549 share price valuation. The news sent Netflix shares up 3.8% in midmorning trading. Netflix ended its most-recent fiscal period with 190 million subscribers.