Netflix Is Up 137% in the Last Year. Is This a Breakout or a Fakeout?
The stock market has been full of surprises this year, including the emergence of artificial intelligence as a key narrative, the resilience of the U.S. economy, and the boom in big tech stocks.
Among the most unexpected winners this year is Netflix (NASDAQ: NFLX), the leading streamer, whose shares dove most of last year as growth slowed and it faced a new wave of competition from legacy media companies.
After losing more than two-thirds of its value over a six-month span in 2021 and 2022, Netflix has managed to flip the narrative -- the streaming stock is now up 44% year to date and 137% over the past year. Those gains have come for two primary reasons: the introduction of password-sharing fees and the launch of its ad-supported subscription tier.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 81 Buy predictions and 9 Sell predictions.
With a target price of 596 € there is a slightly positive potential of 1.33% for Netflix Inc. compared to the current price of 588.2 €.
