Ask Matt: How high can Netflix go?

April 17, 2015 10:36 AM

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Ask Matt: How high can Netflix go?

A: Netflix’s (NFLX) first-quarter earnings silenced the critics thinking the stock price should be lower. The question now is how much higher the stock price can go.

Investors got a taste of how quickly the video-streaming service’s shares can soar. The first day of trading following the company’s first quarter results, Netflix stock jumped $86.49, or 18%, to $562.05. That rally took Netflix’ stock to a new all-time high. The company’s adjusted profit of 77 cent...

Also read: Time Inc. Shares Are Surging Today on This Reported Buyout Rejection

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