Already up 60% this year, a pair of analysts see Netflix rising even higher

Main Points are:

• Both UBS and Macquarie on Monday hiked their price targets on Netflix, citing strong content and increased adoption of 4K ultra-high-definition television, respectively.

• The second season of Netflix's "Stranger Things" garnered higher search interest than every season of HBO's "Game of Thrones" in the U.S., according to UBS research

• The prevalence of 4K televisions in North America could reach 50 percent by 2020, up from 12 percent in 2016, Macquarie says.

• Shares of Netflix rose Monday after the analysts' calls, up nearly 3 percent. Netflix is up 61 percent in 2018 versus the S&P 500's 1.3 percent climb.

Published by CNBC.com (CNBC) Link (Source): https://www.cnbc.com/2018/03/05/already-up-60-percent-this-year-a-pair-of-analysts-see-netflix-rising-even-higher.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

Submitted March 05, 2018 at 01:28PM by snack-fu-bling http://ift.tt/2CZZ7iw