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Netflix shares surge 7 percent on subscriber gains


(Reuters) - Shares in Netflix Inc neared a record high on Tuesday after the online video streaming service reported a rise in subscriber additions for the fourth straight quarter. The shares rose more than 7 percent in premarket trading as at least 12 brokerages raised their price targets for the stock. Analysts at JP Morgan were most bullish, upping their target to $385.The company's shares, which have gained 60 percent this year to become the top performer on S&P 500, were last up 7.5 percent at $330.75. The stock reached a record high of $333.98 last month."Netflix's content strength and ...

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First Published: Tue, April 17 2018. 20:21 IST