up 4.4% on analyst upgrade...
"...the video streaming behemoth received its most bullish analyst call to date.
The call came from analysts at Goldman Sachs, who reiterated the firm's buy rating for NFLX and increased its price target to $490 from $390. That projection would represent a nearly 35% upside to Tuesday's close and, according to FactSet, marks the highest target out of the 36 analysts who cover Netflix.
"We believe the growing content offering and expanding distribution ecosystem will continue to drive subscriber growth above consensus expectations," Goldman's Heath Terry wrote in a note to clients.
The firm also raised its revenue estimates for Netflix. Shares of the streaming giant opened at $367.53, slightly more than 1% above Tuesday's closing price-despite feeling pressure in after-hours trading in the wake of a major deal in the telecom and media space." continues...