Netflix Shares Hit All-Time High as Market Flounders
Netflix is killin' it.

Netflix won't go down with the ship.

The streaming giant hit its record high on Tuesday, June 19, despite the market plunging after President Donald Trump announced a possible $200 billion in tariffs on China, on top of the $50 billion already enforced. 

Early Tuesday morning, Netflix received multiple price target bumps from bullish analysts. 

Daniel Ives, an analyst with GBH Insight, raised Netflix's price target to $500 from $400. GBH recently ran a survey showing that more people used Netflix as their streaming service than competitors such as Amazon.com Inc. or Hulu.

Brian White, an analyst with Monness, Crespi, Hardt & Co., raised his price target to $460 from $375 and maintained a buy rating.

Michael Olson, senior research analyst at Piper Jaffray, also raised Netflix's price target. He boosted Netflix to $420 from $367 and maintained the company's overweight rating. 

Shares of Netflix hit an all-time high of $405.16 before settling down at $404.14.

The streaming giant was up nearly 4% when the market closed on Tuesday.

More from Markets

Dow Falls on Trade Worries but IBM Rises as Earnings Beat Forecasts

Dow Falls on Trade Worries but IBM Rises as Earnings Beat Forecasts

Jim Cramer on Google Cloud vs. IBM Cloud

Jim Cramer on Google Cloud vs. IBM Cloud

Jim Cramer on What's Next for U.S.-China Trade Relations

Jim Cramer on What's Next for U.S.-China Trade Relations

Jim Cramer: China Trade Tensions Make it Tougher to Pick Stocks

Jim Cramer: China Trade Tensions Make it Tougher to Pick Stocks

Jim Cramer on Larry Kudlow, Tariffs, Nucor, IBM and Domino's Pizza

Jim Cramer on Larry Kudlow, Tariffs, Nucor, IBM and Domino's Pizza