Netflix is on a roll and RBC Capital Markets analyst Mark Mahaney expects it to stay that way, buoyed by the coronavirus pandemic and growth overseas. Netflix shares rose Tuesday after the analyst kept his outperform rating and $500 price target on the entertainment streaming titan. RBC's most recent quarterly survey discovered that Netflix reached a record-high penetration in the U.S., with 68% of respondents using Netflix, up from 65% in the past four quarters, Barron's reported. Read More...
Netflix is on a roll and RBC Capital Markets analyst Mark Mahaney expects it to stay that way, buoyed by the coronavirus pandemic and growth overseas. Netflix shares rose Tuesday after the analyst kept his outperform rating and $500 price target on the entertainment streaming titan. RBC’s most recent quarterly survey discovered that Netflix reached a record-high penetration in the U.S., with 68% of respondents using Netflix, up from 65% in the past four quarters, Barron’s reported.
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