Netflix Stock Gained 21.4% Last Month. Here's How.
Shares of (NASDAQ: NFLX) rose 21.4% in April, according to data from S&P Global Market Intelligence. You might expect the company's impressive earnings report to provide fuel for these fires. It sure didn't hurt the stock that the first-quarter numbers were strong, but the report barely moved Netflix's stock price at all. Instead, investors pushed shares higher on the basis of rumors, leaks, and lofty expectations.
Heading into the earnings report, The Wall Street Journal got hold of some internal Netflix memos that supposedly outlined the company's long-term goals. According to the notes, management aims to double its annual revenue and triple its operating income over the next five years.
As a result, the stock could also double and qualify Netflix for the ultra-exclusive club of trillion-dollar market caps. This scoop boosted its stock price by 4.8% in a single day.
Source Fool.com
Netflix Inc. Stock
With 134 Buy predictions and 1 Sell predictions Netflix Inc. is one of the favorites of our community.
As a result the target price of 110 € shows a positive potential of 26.07% compared to the current price of 87.25 € for Netflix Inc..
