Netflix Stock Has a Lot to Prove This Week
Earnings season is here, and (NASDAQ: NFLX) is one of the early voices chiming in with fresh financials this week. The leading premium streaming video service will report its second-quarter results after the market close on Wednesday.
Netflix investors have to feel pretty good heading into the critical update. The stock enters this trading week 50% higher so far in 2023. Zoom into a more critical time frame, and the shares are up 37% since initially selling off the day after a disappointing first-quarter report in April.
Momentum is clearly on Netflix's side. Even an initially poorly received performance -- as the market saw last time out -- isn't fatal. This doesn't mean that shares are coated in Teflon. Netflix still has a lot to prove this time, especially given its buoyant stock chart. Let's take a closer look.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 81 Buy predictions and 9 Sell predictions.
On the other hand, the target price of 631 € is below the current price of 632.6 € for Netflix Inc., so the potential is actually -0.25%.
