Investing.com – Shares in Netflix (NASDAQ:NFLX) were up more than 5% on Friday, coinciding with a positive analyst rating.
Cannaccord Genuity began coverage of the Internet television network with a buy rating and placed a price target of $121.00, more than 30% higher than Thursday’s closing price.
In separate news, Netflix’s U.K. division had reportedly picked up the rights to stream the “Star Trek” catalog from CBS Studios International.
At 14:39GMT, or 8:39AM ET, Netflix gained 5.33% to $96.36.