Netflix’s stock gets price-target hikes

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Netflix shares finished up more than 10% last week, their biggest weekly gain since January, and a growing number of analysts think the stock will keep soaring.

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The streaming company shared that the boxing match between Jake Paul, a 27-year-old social media influencer turned fighter, and 58-year-old former heavyweight champion Mike Tyson was the most-streamed global sporting event ever, with 65 million live concurrent streams and 108 million total live viewers worldwide.

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This past week, several brokerages raised their price targets on the stock, including BofA Managing Director Jessica Reif Ehrlich, who bumped her target to $1,000 from $800, and Jefferies analyst James Heaney, who raised his 12-month target on Netflix to $1,000 as well.

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Netflix’s breakthrough in live events is expected to help it add to its global subscriber base and grow its advertising segment into a core revenue driver by 2026.

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The stock is now up 91% year-to-date.