Netflix won't go down with the ship.
The streaming giant hit its record high on Tuesday, June 19, despite the market plunging after President Donald Trump announced a possible $200 billion in tariffs on China, on top of the $50 billion already enforced.
Early Tuesday morning, Netflix received multiple price target bumps from bullish analyst firms:
GBH Insight, raised Netflix's price target to $500 from $400.
Monness, Crespi, Hardt & Co., raised his price target to $460 from $375 and maintained a buy rating.
Piper Jaffray, also raised Netflix's price target to $420 from $367 and maintained the company's overweight rating.
Shares of Netflix hit an all-time high of $405.29 before settling down at $404.98
The streaming giant hit its record high on Tuesday, June 19, despite the market plunging after President Donald Trump announced a possible $200 billion in tariffs on China, on top of the $50 billion already enforced.
Early Tuesday morning, Netflix received multiple price target bumps from bullish analyst firms:
GBH Insight, raised Netflix's price target to $500 from $400.
Monness, Crespi, Hardt & Co., raised his price target to $460 from $375 and maintained a buy rating.
Piper Jaffray, also raised Netflix's price target to $420 from $367 and maintained the company's overweight rating.
Shares of Netflix hit an all-time high of $405.29 before settling down at $404.98