There’s a renewed bullish fever in Netflix (NFLX) stock following a better-than-feared third quarter and outlook as well as optimism around a major profit boost from the soon-to-launch ad-supported network.
Netflix stock has surged 51% in the past six months, blowing away the 7% drop for the S&P 500.
That fiery advance coupled with new fundamental drivers won over Wall Street’s biggest Netflix bear on Wednesday: Pivotal Research Analyst Jeff Wlodarczak.
Wlodarczak aggressively hiked his…
Source link
