Netflix Shares Hit All-Time High and Not Slowing Down

06/19/2018
Source: The Street
by: Katherine Ross

Netflix won't go down with the ship.

The streaming giant hit its record high on Tuesday, June 19, despite the market plunging after President Donald Trump announced a possible $200 billion in tariffs on China, on top of the $50 billion already enforced.

Early Tuesday morning, Netflix received multiple price target bumps from bullish analysts.

Daniel Ives, an analyst with GBH Insight, raised Netflix's price target to $500 from $400. GBH recently ran a survey showing that more people used Netflix as their streaming service than competitors such as Amazon.com Inc. or Hulu.

Brian White, an analyst with Monness, Crespi, Hardt & Co., raised his price target to $460 from $375 and maintained a buy rating.

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