Withstanding the pull of a falling market, Netflix’s stock surged to a new historic closing high of $404.98 Tuesday after multiple analysts had raised their price targets for the company. The company’s closing stock price roughly doubled since the beginning of the year.
Shares of the company had begun the day at $389.50, and surged past the $400 mark later in the morning. At one point, shares reached a high of $405.25. Netflix’s shares gained 3.73%, or $14.58, Tuesday.
Netflix’s new share price puts the company’s market cap valuation at $176.87 billion. Disney was valued $160.79 billion by the markets Tuesday, and Comcast’s market cap was at $157.00 billion.
Tuesday’s rally came after analysts from PiperJaffray, GBH Insights and Monness, Crespi, Hardt & Co. all raised their price targets for the company’s shares. Most bullish among the three companies was GBH Insights with a target of $500, followed by Monness, Crespi, Hardt & Co.
Shares of the company had begun the day at $389.50, and surged past the $400 mark later in the morning. At one point, shares reached a high of $405.25. Netflix’s shares gained 3.73%, or $14.58, Tuesday.
Netflix’s new share price puts the company’s market cap valuation at $176.87 billion. Disney was valued $160.79 billion by the markets Tuesday, and Comcast’s market cap was at $157.00 billion.
Tuesday’s rally came after analysts from PiperJaffray, GBH Insights and Monness, Crespi, Hardt & Co. all raised their price targets for the company’s shares. Most bullish among the three companies was GBH Insights with a target of $500, followed by Monness, Crespi, Hardt & Co.
- 6/19/2018
- by Janko Roettgers
- Variety Film + TV
The changes might not surprise those who closely follow the streaming video deals that seem to hit every day, but it’s illuminating to see a statistical measure of the shift in the top providers’ content libraries. That’s what Piper Jaffray analyst Michael Olson served up this week in a look at how Netflix, Amazon, Hulu Plus, and Redbox Instant compare in their offerings of top 50 movies available for streaming over the past three years and top 75 TV shows available from the past four years. Amazon “caught up significantly” to Netflix in TV, Olson says — though both trail Hulu, […]...
- 7/3/2014
- Deadline
In the world of branded entertainment, major media buying agencies have carved out a very cozy niche pairing the lifestyle brands they represent with content targeted towards the highly coveted 25 to 40 year old female demographic. In Canada, they seem to have turned it into an art form. Yesterday, Food Network in Canada announced Cooking Moments, the newest addition to its already impressive stable of 25+ web series. The series, which soft-launched earlier this month, is sponsored in whole by KitchenAid, part of the Whirlpool home appliances conglomerate. The show is hosted by celebrity chef Rob Rainford, who also hosts his own show on Food Network, License to Grill, and will feature guests like husband-and-wife celebrity chef duo Anna and Michael Olson, and health advocate, Rose Reisman, and will run through the end of 2010 on FoodNetwork.ca.
- 5/26/2010
- by Brady Brim-DeForest
- Tubefilter.com
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