The bulls returned to Netflix (NFLX) stock this week, bidding up shares 13% over the past two days. Netflix rose 5.2% on Tuesday to 117.10 in heavy trading. On Monday, Netflix soared 7.4%. On Monday, Pacific Crest Securities analyst Andy Hargreaves reiterated his overweight rating on Netflix stock, with a price target of 140. “Netflix is the best in the world at delivering on-demand TV, which should allow it to gain share of viewing hours and
Federal regulators could launch a probe if Comcast (CMCSA), 21st Century Fox (FOXA) and Walt Disney (DIS) bring in Time Warner (TWX) as a fourth partner in Hulu, especially if the media quartet becomes much more selective in licensing content to Web video streamer Netflix (NFLX). So says Paul Gallant, an analyst at Guggenheim Partners. Gallant notes that the Department of Justice in 2012 reportedly launched an antitrust investigation involving
Dish Network has not hit a home run with its new Sling Web TV service, and Apple (AAPL) might not step up to the plate despite rampant speculation that it’s close to entering the game, says Pacific Crest Securities. In a research report reviewing media and entertainment company Q3 earnings, analyst Andy Hargreaves sees upside for Netflix (NFLX), despite management comments that media firms might license more content to its rival, such as Hulu, or