Tag: Oppenheimer analyst Jason Helfstein
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This is Why Netflix Could Rally to $500 this Year
Keep an eye on Netflix (NFLX). After finding double-bottom support at $400, the NFLX stock popped to $427.55. Now, if it can break above resistance at $440, it could potentially test $480 again. All thanks to its potential revenue surge from password crackdowns. “Our estimates imply Netflix directly recaptures 46% of the total estimated 100…