Netflix nearing all-time high

Investor's Business Daily

RBC Capital raised its price target to 330 from 280 for the videostreaming company, saying its drive into original content will likely reduce customer turnover. Netflix (NFLX) stock has more than tripled this year, bouncing back from a correction that began in '11, and was trading about 3% off its all-time high Thu. It added 630,000 net new U.S. subscribers in Q2, below estimates, raising questions of the payoff from producing original content such as Emmy-nominated "House of Cards." Shares rose 0.9% to 295.11.

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