Why Netflix Stock Topped the Market Today
(NASDAQ: NFLX) stock got off to a good trading week on Monday, outpacing many other companies on the exchange. On the back of several positive analyst notes, the streaming giant's stock closed the day over 2% higher, more than double the percentage-rate gain of the bellwether S 500 index.
Netflix reported its second-quarter earnings Friday morning and -- at least initially -- investors rewarded it by pushing it up in price early that trading session. That gratitude rally didn't really last, although it probably should have; the company notched a convincing beat on earnings, and edged past the average analyst estimate for revenue. This was on the back of an impressive gain in Netflix's all-important subscriber count.
The following business day, a clutch of analysts tracking the stock made upward revisions on their Netflix takes.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 82 Buy predictions and 9 Sell predictions.
With a target price of 609 € there is a slightly positive potential of 3.4% for Netflix Inc. compared to the current price of 589.0 €.
