Industry News

Escape Velocity: Is Netflix Set For An Earnings Rally?

22 January, 2018

Netflix has some extremely successful series and feature films exclusive to its platform called “Netflix Originals”, 100% made in house by the content giant. Parrot Analytics data shows that, “Stranger Things 2” was the most popular show in the U.S. as of November 17, 2017. While “Mindhunter”, another Netflix Original was number six on the list. This can contribute to how Netflix could be set for an earnings rally as the makers of “Stranger Things” and “The Crown” has surged over 18% in the last few weeks alone. Analysts at Loop Capital bumped their price target to $252 from $241, saying “it’s not too late for large-cap growth investors to establish positions.”

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