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.
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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
€623.20
-2.990%
Currently there is a rather positive sentiment for Netflix Inc. with 83 Buy predictions and 9 Sell predictions.
As a result the target price of 643 € shows a slightly positive potential of 3.18% compared to the current price of 623.2 € for Netflix Inc..
