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Soaring Netflix Shares as a result of unprecedented subscriber growth

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1 min read

Netflix, the most popular streaming service in the world, has added 7 million new customers to its user base in just three months: July, August and September. As a result, the NFLX.O shares showed a surge of 11% on 17 October before the market opened.

137 million people use its services worldwide, 2 million more than previously estimated. Even Wall Street was impressed by his latest earnings report.

"We do not believe in stories of undetermined growth. But, damn it, NFLX is the closest thing you can find in the market today, "said RBC analyst Mark Mahaney.

Pasted image at 2018 10 17 3 34 PMThe price of Netflix Shares as a result of its most recent earnings ratio

Several leading brokerage firms have increased their target prices on the company. Despite cutting the $ 470 $ 430 target price, Goldman Sachs eventually raised it to $ 480. The NFLX.O shares were traded at $ 346 before the market closed. In the afterhours, their price has risen to $ 389.

Source: Netflix shares jump after record subscriber growth

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Source: IQOption blog 2018-10-18 07:59:15

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