In Monday’s Analysts’ Actions, TheStreet highlights a higher price target on Facebook (FB) and Netflix (NFLX), while analysts issue a negative note on Micron Technology (MU). Analysts at Piper Jaffray increased their price target on Facebook to $120 from $92. The firm maintained its OVERWEIGHT rating on the social networking name. The firm called Facebook the best play in the virtual reality space. Micron Technology was downgraded by analysts at Goldman Sachs. The firm cut its rating to SELL from NEUTRAL, saying higher supply in DRAM, or dynamic random-access memory, will decrease selling prices and diminish margins. Goldman analysts also lowered its price target to $19 from $27. Analysts at BTIG upped its price target on shares of Netflix to $950 from the firm’s prior $600 target. Analysts think the company’s business model is gaining ‘meaningful’ momentum. TheStreet’s Kurumi Fukushima reports in New York.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
