Why Netflix Stock Is Gaining During Another Tough Session for the Market

Netflix (NASDAQ: NFLX) stock was trading 1.8% higher as of 12:45 p.m. ET Monday, despite a broad sell-off in the market that pushed the S&P 500 down by 2.7%. The streaming video stock had been up by as much as 4.7% earlier in the session.Netflix rose thanks to a surge of bullish coverage from analysts following the first-quarter report it published last week, which featured better-than-expected sales and earnings, and a forecast for $8 billion in free cash flow this year. Despite macroeconomic concerns, investors are seeing promise in the streaming leader's outlook.Investment firms including Wedbush, Morgan Stanley, and JPMorgan cheered Netflix's results and guidance, and raised their price targets on the stock, which appears to be gaining favor as a growth play that could hold up well in the event of a recession. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool