Netflix stock closed at its highest yet, $194.39, and the company is projected to reach $225 per share within 12 months.
With the growing popularity of Netflix original content, and ahead of what is expected to be a big quarter, the streaming giant has announced that U.S. subscriber base can expect a price increase.
Netflix’s stock prices have risen substantially, following news of the streaming service increasing its subscription prices.
News of Disney eventually pulling its titles in favor of creating a Disney exclusive streaming service haven’t seemed to slow down Netflix’s growth either.