Morgan Stanley's Benjamin Swinburne maintained his Outperform rating and $850 price target on Netflix (NFLX), saying the company is "both a driver and beneficiary of industry disruption." But he's not the only one on Wall Street that is bullish on the stock. In the video above, Yahoo Finance's Alexandra Canal explains why analysts like Netflix shares. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
In the closing of the recent trading day, Netflix (NFLX) stood at $654.62, denoting a +0.87% change from the preceding trading day.
Netflix stock is in a new buy area following a recent breakout. Here's the buy point for the streaming giant on the stock market today.