Why Netflix Stock Was Soaring This Week
Netflix (NASDAQ: NFLX) was surging this week after the streaming stock dazzled investors in its fourth-quarter earnings report, posting strong subscriber growth and offering bullish guidance for the coming year.
The report showed that Netflix had put earlier concerns about hitting a wall in subscription growth fully behind it. According to data from S&P Global Market Intelligence, the stock was up 14% from last week as of 2:30 p.m. ET on Thursday.
Image source: Getty Images.
Source Fool.com
Netflix Inc. Stock
€581.60
-0.440%
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
As a result the target price of 609 € shows a slightly positive potential of 4.71% compared to the current price of 581.6 € for Netflix Inc..
