Mid-Afternoon Market Update: Dow Jumps 250 Points; Netflix Shares Slide
Toward the end of trading Wednesday, the Dow traded up 0.75% to 34,073.66 while the NASDAQ rose 0.70% to 13,882.45. The S&P also rose, gaining 0.64% to 4,161.25.
2 Streaming Stocks Are Nearing Key Technical Levels
Netflix Inc. (NASDAQ: NFLX) and Roku Inc. (NASDAQ: ROKU) are two streaming stocks moving during Wednesday's trading session.
Deutsche Bank Maintains Buy on Netflix, Lowers Price Target to $575
Deutsche Bank analyst Bryan Kraft maintains Netflix (NASDAQ:NFLX) with a Buy and lowers the price target from $600 to $575.
Morgan Stanley Maintains Overweight on Netflix, Lowers Price Target to $650
Morgan Stanley analyst Ben Swinburne maintains Netflix (NASDAQ:NFLX) with a Overweight and lowers the price target from $700 to $650.
Macquarie Maintains Neutral on Netflix, Lowers Price Target to $525
Macquarie analyst Tim Nollen maintains Netflix (NASDAQ:NFLX) with a Neutral and lowers the price target from $600 to $525.
Stifel Upgrades Netflix to Buy, Raises Price Target to $560
Stifel analyst Scott Devitt upgrades Netflix (NASDAQ:NFLX) from Hold to Buy and raises the price target from $550 to $560.
5 Stocks To Watch For April 21, 2021
Some of the stocks that may grab investor focus today are:
How Netflix Is Preparing To Combat The ‘Lighter Content Slate’ That Affected Q1 Growth
Netflix Inc (NASDAQ: NFLX) is attributing a dip in subscriber growth to the coronavirus pandemic and a “lighter content slate,” which it plans to remedy by pumping cash into content.