Why Netflix Stock Popped Today

Joe Tenebruso, The Motley Fool
·2-min read
Why Netflix Stock Popped Today
Why Netflix Stock Popped Today

Shares of Netflix (NASDAQ: NFLX) climbed 5.7% on Wednesday, following bullish analyst comments. Pivotal Research analyst Jeffrey Wlodarczak reiterated his buy rating on Netflix's stock and boosted his price forecast from $600 to $650. Wlodarczak expects Netflix to remain the dominant global streaming platform, despite intensifying competition from the likes of Disney (NYSE: DIS) and other new entrants.