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Analysts’ Actions: Netflix Gets Price Target Boost to $800

July 7, 2023
in Trade Tube
Reading Time: 1 min read
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In Friday’s Analysts’ Actions, TheStreet highlights a higher price target on Netflix (NFLX), but negative notes on Public Storage (PSA) and Chevron (CVX). Analysts at Oppenheimer increased their price target to $800 from $610. The firm maintained its OUTPERFORM rating. Analysts at the firm said its new target reflects Netflix’s plans to enter markets abroad in 2015. Analysts at Cantor Fitzgerald downgraded Public Storage to HOLD from BUY on a valuation call. The firm issued a price target of $199.50, noting limited potential in occupancy upside. And, Chevron had its price target lowered by analysts at Goldman Sachs to $97. The firm also cut its earnings estimates for 2015 through 2017. Goldman analysts maintained their SELL rating on the oil name. TheStreet’s Kurumi Fukushima reports in New York.

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