Wall Street analysts are increasingly bullish on Netflix amid the streaming service’s ongoing crackdown on users’ sharing of passwords and the strike by Hollywood actors and writers that could impact the supply of fresh content this fall.
Netflix, which is poised to release its second-quarter earnings on Wednesday after the end of the trading day, has seen its stock price soar in 2023.
As of the close of trading on Tuesday, Netflix stock was up more than 60% year-to-date, having risen from just under $295 per share at the start of the year to $474.80 at Tuesday’s close.
Insightful piece
Excellent write-up
Outstanding feature