Netflix Stock Powers Past $700 Again, Retail Sentiment Hits 1-Year High
$Netflix (NFLX.US)$ shares rose over 2% on Tuesday, surpassing $700, with retail sentiment hitting a one-year high. Sentiment on Stocktwits surged to an 'extremely bullish' score after Evercore ISI analyst Mark Mahaney raised Netflix’s price target to $750, citing potential EPS upside.
The stock has gained over 50% this year, driven by strong ad strategies and high-profile partnerships, including deals with
$LVMH Moet Hennessy Louis Vuitton (LVMUY.US)$ and
$Alphabet-C (GOOG.US)$ . Netflix also reported a 150% increase in upfront ad sales commitments and plans to add live sports content, further boosting its appeal.
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