Netflix Will Have a Lot to Prove on Monday
It's show time for Netflix (NASDAQ: NFLX). The top dog in premium video streaming reports fresh financials after Monday's market close, and expectations are percolating. The stock hit all-time highs last month despite posting mixed first-quarter results two months earlier.
Netflix fell short of its own subscriber targets last time out, a feat that crushed the stock when the dot-com darling missed its forecasts during the second quarter of last year. Investors have proven more forgiving this time around, and that's the kind of momentum that can stall if fails to deliver in back-to-back quarters. A few analysts have put out bullish notes in the days leading up to next week's report, further heightening market expectations.
Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 9 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 3.14% compared to the current price of 589.5 € for Netflix Inc..
