The stock market had a sunny day on Thursday as the S&P 500 index gained 1.8% and the Nasdaq Composite bolted 2.5% higher. Analyst Kenneth Leon, from the market research firm CFRA Research, upgraded Netflix shares all the way from sell to buy, lifting his price target for the stock from $225 to $310 per share. Leon's reasoning rests on a deeply entrenched business moat, as rivals will have a hard time catching up to Netflix's profitable growth on a global scale. Read More...
The stock market had a sunny day on Thursday as the S&P 500 index gained 1.8% and the Nasdaq Composite bolted 2.5% higher. Analyst Kenneth Leon, from the market research firm CFRA Research, upgraded Netflix shares all the way from sell to buy, lifting his price target for the stock from $225 to $310 per share. Leon’s reasoning rests on a deeply entrenched business moat, as rivals will have a hard time catching up to Netflix’s profitable growth on a global scale.
