Netflix has doubled in value this year (NFLX)
- Netflix‘s value has more than doubled in 2018.
- It’s been surging all year, driven by impressive earnings reports.
- Watch Netflix trade in real time here.
Netflix‘s value has double for the year, having appreciated 103.05% between December 29 — the last trading day of 2017 — and Thursday.
The stock is a beloved by Wall Street, but there is a widespread belief that its fundamentals are starting to round into form. Shares rallied to what was a new all-time high of $383.49 Wednesday with the help of Wednesday’s bullish Goldman Sachs note.
“2018 will be the peak negative free cash flow year for Netflix, with revenue growth beginning to outpace content spend growth next year,” analyst Heath Terry wrote in the note to clients. He expects 2022 to be an “inflection” point that will see the company hit the $500 million free-cash-flow mark.
Beyond the note, Netflix has impressed investors this year, blowing by subscriber addition estimates in both of this calender year’s quarterly earnings reports.
Read the full article from it’s original source: http://uk.businessinsider.com/netflix-stock-price-doubled-for-year-2018-6