Netflix Stock Is Trending Higher: What's Happening?
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- Netflix Inc. shares rose Tuesday following Wolfe Research's decision to raise its price target to $95 from $84 while maintaining an Outperform rating.
- The firm argued that recent second-quarter viewer engagement concerns were driven by release timing rather than business erosion, with stronger third-quarter content and live programming expected.
- Despite the upward momentum and positive technical indicators, the stock still faces overhead resistance near its longer-term moving averages.
