JPMorgan is out with bullish comments on Netflix ($NFLX), reiterating its “Overweight” rating and $118 price target.
The action follows Netflix’s fourth annual advertising upfront. JPMorgan is positive on Netflix’s reach, content strategy, and improving advertising technology. And sees its upfront announcements demonstrating “progress towards building a scaled advertising strategy and highlight the view of Netflix becoming “Global TV.”
The Pro Portfolio recently added to its NFLX position at $88.64 on May 11.
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
