Netflix hits all-time high: Market watchers see further 30% rise – Netflix can rise even higher:

Netflix is on a roll this year. It is the 27 time this year that it has hit the all-time high. According to market participants, it can rise even higher.

Netflix can rise even higher:

According to Mark Tepper, President of Strategic Wealth Partners, Netflix can easily rise by 30% to 40% from the current trading price. This will be a significant jump as it is already at a lifetime high. He made this statement while speaking on trading nation on CNBC.

Can be the best performance of the year on the S&P 500:

If indeed, Netflix is able to achieve this target, it will be the best performance to get on S&P 500. As a result, it seems like it is a long way to go. Already, it is up by 83% since the beginning of this year. As a result, the appreciation which it is provided to the investors in 2018 is significant.

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According to Tepper, Netflix is able to easily increase their subscriber base. As a result, the business is churning out money. This is one of the main reasons why it is increasing consistently. The total number of subscribers currently is 125 million. Also, they have increased subscription price by 14% as well. As a result, it is able to generate more profit for the company as well as the shareholders.

In the recent years, Netflix has grown significantly. It is also expanding internationally. In 2018, so far it is expected to report from 24% growth in US subscriber base end up to 59% growth in international subscriber base. This is the reason why the share price of the company is increasing at a very rapid pace. According to Tepper, the share price can easily double from these levels as well. Nobody will be surprised if the share price doubles from these levels. This is the reason why they are highly bullish on the stock and gave such a bullish target even from the current levels.

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Options market betting big:

According to him, the options market is shedding that there is a 35% probability that the bullish sentiment will continue. As a result, it is good time for the shareholders of Netflix.

The main growth has come from the international markets. As it keeps on expanding in newer markets, it will be able to show consistent growth quite easily. This is one of the main reasons why the shares of Netflix continue to rise.

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Keyword: Netflix, all-time high, S&P 500

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Sarah Kaplan is an award-winning journalist with more than 9 years of experience. She is the Editor-in-Chief of TheOofy.com. She has worked for international media companies as a reporter and correspondent. She has been awarded by Article 19. She has worked for  The Guardian Foundation/ P24 Knowledge Right Project. She has participated in See Media Observatory in Macedonia. She was Research Fellow at Friedrich Ebert Foundation in Germany.  She has been writing about technology, the latest trends in business. You can reach out to her via kaplan@theoofy.com. Also, you can connect with her at Linkedin.