What Are Wall Street Analysts’ Target Price for Netflix Stock?
Los Gatos, California-based Netflix, Inc. (NFLX) is a leading global streaming entertainment company with a market cap of $465.4 billion. It offers a vast library of TV series, films, documentaries, and games across a wide range of genres and languages.
Shares of this streaming company have considerably outpaced the broader market over the past 52 weeks. Netflix has soared 40.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.4%. Moreover, on a YTD basis, the stock is up 23.1%, compared to SPX’s 14.3% return.
Zooming in further, Netflix has also outperformed the Communication Services Select Sector SPDR Fund’s (XLC) 17.8% uptick over the past 52 weeks and 16.1% rise on a YTD basis.
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