Why Netflix Stock Hit an All-Time High Today
Shares of Netflix (NASDAQ: NFLX) were moving higher today after the streaming giant said it received strong advertising demand in its upfront ad sales, which were up more than 150% from 2023. The data point, which Netflix provided in a blog post this morning, is the latest evidence showing that its advertising business is thriving, even at a time when its legacy media rivals are struggling.
As of 12:22 p.m. ET, Netflix stock was up 1.5% for the day after gaining as much as 3.3% earlier in the session. The streaming stock also topped $700 a share for the first time ever, hitting an all-time high of $711.33.
Image source: Getty Images.
Source Fool.com
Netflix Inc. Stock
€620.40
-1.040%
Our community is currently high on Netflix Inc. with 79 Buy predictions and 7 Sell predictions.
With a target price of 644 € there is a slightly positive potential of 3.8% for Netflix Inc. compared to the current price of 620.4 €.
