Here's How Wall Street Is Reacting to Netflix's Blowout Quarter
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Another big subscriber beat for Netflix Inc. should put to rest any concerns about the company’s growth trajectory, according to GBH Insights. Margins also improved, suggesting to Morgan Stanley that the company’s cash burn may be peaking as operating leverage increases. Several analysts boosted their price targets on the stock, adding fuel to a rally that has already made for the year’s top performer in the S&P 500 Index. The shares rose as much as 7.2 percent, their biggest gain since the last blowout earnings report.
Here’s what analysts are saying about Netflix’s results: