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Bullish View On Netflix; Akebia Therapeutics Misses Q2 Expectations

  • August 25th, 2023
  • 490 views

Netflix, Inc. (Nasdaq: NFLX), a prominent streaming entertainment service, was upgraded from Hold to Buy by Loop Capital, accompanied by a revised price target increase from $425 to $500.

With $NFLX closing at $406.93 on Thursday, this updated price target suggests a potential upside of $93.07 or roughly 22.88%, based on the brokerage and advisory firm's analysis. 

In other news, Akebia Therapeutics, Inc. (Nasdaq: AKBA), a pharmaceutical company, reported a second-quarter 2023 loss of $(0.06) per share, falling short of the consensus estimate loss of $(0.02). The company's quarterly sales totaled $56.38 million, slightly below analysts' projected revenue of $59.10 million for the period.

$AKBA was trading at $1.21 in pre-market, down $0.04 (-3.19%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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