Netflix Shares Surge to New 52-Week High, Exceed $1,065

Netflix shares surged to new all-time and 52-week highs, with the stock reaching intraday peaks above $1,080 and a market capitalization climbing to $447 billion, reflecting strong investor confidence and robust performance. This rally was driven by positive analyst upgrades following recent earnings reports that exceeded revenue and operating income forecasts, with price targets now set as high as $1,514. Over the past year, Netflix stock has more than doubled, supported by a 15% year-over-year revenue increase and continued global subscriber growth. The company’s financial health is rated highly, with a perfect Piotroski Score of 9, and analysts highlight Netflix’s advancements in advertising and anticipated content releases as key growth drivers. Despite trading above some fair value estimates, most brokerage firms currently rate the stock as 'Outperform.' Netflix does not pay a dividend, and its elevated P/E ratio reflects market optimism about future earnings.