What's Going On With Netflix Shares

Netflix Inc NFLX shares are trading higher by 4.82% to $296.07 Tuesday morning after Daiwa Capital upgraded the stock from Neutral to Outperform and raised its price target from $226 to $330.

What Else Is Happening In The Broader Market?

Major indices are higher again Tuesday as stocks also continue to gain amid recent U.S. earnings reports and hopes of a future slowdown in Federal Reserve policy tightening.

Netflix may also be seeing continued strength after the company last week reported better-than-expected third-quarter results this week and reported global streaming paid net additions of 2.41 million. Global streaming paid memberships grew 4.5% year over year.

The company announced third-quarter revenue of $7.93 billion, up 5.9% year-over-year. The total came in ahead of a Street estimate of $7.84 billion, according to data from Benzinga Pro.

Netflix posted third-quarter earnings per share of $3.10, beating a Street estimate of $2.13. In the third quarter, Netflix said it gained 2.41 million net new subscribers...Read More

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Netflix has a 52-week high of $700.99 and a 52-week low of $162.71.