More Upside For Netflix Stock? Wall Street Reacts To ‘Surprise’ Global Announcement

Netflix, Inc. NFLX 3.21%‘s stock has surged during the past two trading sessions after the company announced that it is now live in 130 new countries, including major markets India and Russia. Shares traded recently at $118.82.

Here’s what seven Wall Street firms have to say about the stock following the announcement.

MKM Partners

Analyst Rob Sanderson called Netflix his “highest conviction large cap over the next few years” and maintained his Buy rating and $145 price target.

UBS

Analyst Doug Mitchelson said the announcement “increases Netflix’s addressable int’l coverage by 50% in one day.” He maintained his Buy rating but upped his price target from $143 to $147.

Bank of America

Analyst Nat Schindler said the announcement “effectively makes Netflix the world’s first global TV platform.” The firm has a Buy rating and $137 price target on the stock.

Goldman Sachs

Analyst Heath Terry believes…

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