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Netflix Stock Pops to New Record High on Exuberant Q2 Analyst Forecast

Netflix Coronavirus reports 2020

10.07.2020 - 19:07

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variety.com

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Todd Spangler NY Digital EditorIs Netflix going to turn another boffo earnings report fueled by “quarantine and chill”?Investors pumped up shares of the streamer to a new all-time high Friday, with Netflix stock rising more than 4% in morning trading on a bullish Wall Street analyst call on second-quarter 2020 subscriber growth.

Shares were above $529 apiece — a new all-time high — giving Netflix a market cap of more than $232 billion.The bump came after Goldman Sachs analysts predicted that Netflix will turn in another killer quarter of subscriber growth when it reports Q2 earnings July 16.“We believe Netflix could add at least 12.5 million total net paid subscribers in 2Q, primarily driven by accelerating EMEA [Europe, Middle East and.

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