Reported about 9 hours ago
Netflix's stock increased nearly 3% following its stronger-than-expected Q1 earnings report, as analysts highlighted the company's defensive position amidst broader market volatility and economic uncertainties driven by trade issues. Co-CEO Greg Peters confirmed stable consumer sentiment and healthy subscription retention, while Macquarie's analyst raised the price target, indicating that Netflix remains a safe investment choice compared to other tech giants facing declines.
Source: YAHOO