Why Netflix Climbed 11.5% in June
Shares of (NASDAQ: NFLX) climbed 11.5% in June, according to data provided by S&P Global Market Intelligence. This rise takes the streaming giant's shares up 49.3% year to date.
Image source: Getty Images.
Netflix had reported good traction for its ads tier -- which offered consumers a lower price point -- with engagement higher than expected and little cannibalization seen for its standard and premium plans. The streaming giant has also begun cracking down on account sharing, meaning members sharing their passwords with friends or family.
Source Fool.com
Netflix Inc. Stock
€64.11
0.330%
The stock is one of the favorites of our community with 123 Buy predictions and 3 Sell predictions.
With a target price of 100 € there is a hugely positive potential of 55.98% for Netflix Inc. compared to the current price of 64.11 €.
