Investing.com - Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) may be under pressure, but Netflix (NASDAQ:NFLX) rolls on.
Two Wall Street firms have raised their 12-month, stock-price targets on the video streaming company.
JPMorgan Chase (NYSE:JPM) lifted its target from $285 to $328 a share, saying it expects strong earnings when the company reports first-quarter results next week.
The firm said Netflix will continue to thrive on the disruption of traditional TV and grow its subscription base through quality original content.
Morgan Stanley (NYSE:MS) upped its price target from $275 to $350, focusing on Netflix's ability to expand globally. The firm called Asia the "largest untapped opportunity."
Netflix shares have doubled in the past 12 months.