Why Netflix Stock Jumped Thursday
Netflix's (NASDAQ: NFLX) stock is rising on Thursday -- two days after the streaming-TV specialist's fourth-quarter earnings release. As of 3:23 p.m. EST on Thursday, Netflix stock was up 5.8%.
The stock's gain follows two bullish notes from analysts, both of which are reiterating buy ratings for the stock. One analyst said the secular tailwind for Netflix was thanks to traditional TV continuing to decline in favor of streaming offerings. The other analyst cheered the streaming-TV company's strong international growth.
Image source: Getty Images.
Source Fool.com