Netflix Inc. (NASDAQ: NFLX) is once again back in record territory, and it doesn’t look like it plans on slowing down anytime soon. The streaming giant has now fully recovered from April’s correction, hitting a fresh high last week just above $1,260. That puts shares up nearly 50% in the past two months alone and more than 600% over the past three years.
A rally of that scale can often have analysts urging some caution, at least in the near term, but not this time. Since the start of the month, Netflix has received two fresh price target hikes, both of which point to further upside even after this monster run. The stock may be taking a short breather this week, but everything from sentiment to fundamentals continues to point to further gains this summer.
