Netflix (NFLX) shares soared on Wednesday after Atlantic Equities upgraded the stock from Neutral to Overweight, citing upside potential in the streaming giant’s upcoming ad-supported tier. Analyst Hamilton Faber raised his price target to $283 from $211, surmising that the ad rollout “could be extremely material.” He added that he ...
View more: Netflix stock surges on double upgrade as Wall Street cheers on ad tier