((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
November 19 – ** Shares of Netflix NFLX.O rose 3.1% to $872.99 and hit a record high for the second straight session on Tuesday after the company reported a nine-figure global audience for the boxing match between Jake Paul and Mike Tyson, and analysts have raised price targets** NFLX said Tuesday that 108 million people worldwide watched Paul, 27, a social media influencer turned boxer , beat Tyson, 58, former heavyweight champion
** Estimates are derived from U.S. figures from analytics firm TVision and first-party data from NFLX in global markets, according to the announcement ** Over the weekend, TVision said that 60 million households around the world watched the fight, and the event reached a peak of 65 million simultaneous streams
** Late in the day, Jefferies raised its PT by $200 to $1,000, the highest on Wall Street, according to LSEG data
** Jefferies said the 65 million concurrent streams were “remarkable” compared to other live events and that the statistics “reinforce our confidence that Christmas Day NFL games are expected to exceed the numbers linear, which will provide another catalyst to accelerate advertising growth.”
**Wedbush increased its PT from $150 to $950
**Out of 48 brokerage firms covering NFLX, 32 rate the stock as “Strongly Buy” or “Buy”, 14 rate it as “Hold” and 2 recommend “Sell”; median forecast is $800 – LSEG
**NFLX stock is up 79% in trading, compared with 35% for the S&P 500 communications services sector and 24% for the S&P 500 (.SPX)
