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Why Netflix Stock Rose Today

TheMotleyFool

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Shares of Netflix (NASDAQ: NFLX) have risen today, up by 4% as of 12:40 p.m. EDT, amid ongoing optimism that the video streamer will report strong net subscriber additions due to the COVID-19 pandemic. Netflix is set to post first-quarter results tomorrow after the close.

Last week saw a flurry of analyst activity regarding Netflix, with the majority releasing bullish research notes and raising price targets. The stock pulled back somewhat on Friday after a few bearish analysts argued that the tech company's valuation had gotten too lofty.

Image source: Netflix.

Source Fool.com

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