No Chill, All Thrill: A Binge-Worthy investment Success, Netflix’s Plot Twist to the Top
The stock has more than quadrupled since May 2022. Should you invest?
In Wednesday's newsletter, we highlighted how Netflix is undeniably the current leader in video streaming. Over the past year, Netflix's stock has surged by more than 80%. If we look back to its lowest point in May 2022, the stock has increased 4️⃣fourfold over the past two years!!! 🚀
But why has Netflix performed so well during this period? In this newsletter, We'll dive into the company's business model and latest strategies to analyze the reasons behind its rise. Is it still worth investing in the future?
Netflix Stock Skyrockets
A host of Wall Street analysts raised their price targets on Netflix (NFLX) stock after the internet television network's bullish third-quarter earnings report on Thursday because Netflix beat expectations for the September quarter and guided higher than views for the current quarter👀.
📈Its shares surged 11% to $763.89 on Friday in New York, the biggest gain in a year.
The stock has more than quadrupled since May 2022, when a slowdown in the company’s growth led to a major selloff and spooked investors about the entertainment business.
