Netflix Shares Jump After Evercore Raises Price Target To $110

This article first appeared on GuruFocus. Netflix (NASDAQ:NFLX) shares climbed about 3.5% Monday after Evercore ISI lifted its price target on the streaming company to $110 from $100, while maintaining an Outperform rating. Evercore cited improving consumer survey results in the U.S. and Japan, along with potential growth opportunities from live programming and short-form video. The new target represents about 42% upside from Netflix's previous close. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is NFLX fairly valued? Test your thesis with our free DCF calculator.NFLX GF Value chart Analyst Kutgun Maral said Netflix's market penetration reached 63% in the U.S. and 22% in Japan.