Reported about 18 hours ago
Netflix's stock saw its largest weekly gain since January, with analysts predicting it could soon reach quadruple digits. Despite some growth concerns, price targets have been raised significantly, with Pivotal Research setting a high target of $1,100 per share. The recent success of live events, like the boxing match featuring Jake Paul and Mike Tyson, has energized investor confidence and contributed to an increase in active users for Netflix's ad-supported tier. Analysts suggest that expanding live programming will drive further growth in subscribers and advertising revenue.
Source: YAHOO