What's Going On With Netflix Shares
Portfolio Pulse from Henry Khederian
Netflix shares are trading higher by 4.88% to $397.37, reaching a 52-week high of $399.00. The increase is attributed to the company's password sharing crackdown and overall market strength. Netflix's ad-supported tier has nearly 5 million active subscribers. Oppenheimer analyst Jason Helfstein maintained an Outperform rating and raised the price target from $415 to $450.

May 30, 2023 | 1:48 pm
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Netflix shares rise 4.88% to $397.37, reaching a 52-week high. The company's password sharing crackdown and overall market strength contribute to the increase. Oppenheimer analyst raises price target from $415 to $450.
Netflix's stock price is rising due to the company's recent crackdown on password sharing and overall market strength. The ad-supported tier's impressive user base of nearly 5 million active subscribers also contributes to the increase. Additionally, Oppenheimer analyst Jason Helfstein's maintained Outperform rating and raised price target from $415 to $450 signal positive sentiment for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100