Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
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Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Most Trending
Most Trending
Hadar.GoldbergHadar Goldberg is a talented financial journalist with a strong passion for analyzing the stock market. She has a deep understanding of financial markets and is skilled at conducting research and analysis to uncover valuable insights for her readers. Hadar is known for her ability to explain complex financial concepts in a clear and concise manner.
Netflix stands as the quintessential representation of the commercialization of the American entertainment industry. Offering an extensive array of series and movies, including those with unconventional storylines, this streaming giant reaches audiences in over 190 countries.
Despite facing criticism, Netflix's success is indisputable. With an astounding surge of over 29,000% since its IPO in 2002, it has paved the way for other American TV networks to follow suit. Notably, entities like Disney, NBC, and Amazon have launched their own streaming platforms, vying to contend with the reigning streaming leader.
As the company approaches its third-quarter financial disclosures, Wall Street analysts are forecasting earnings per share of $3.49 and revenues of $8.54 billion. This marks a notable uptick from the previous year's corresponding quarter when Netflix reported earnings per share of $3.1 and revenues totaling $7.84 billion.
However, Netflix's recent stock performance leaves much to be desired, with a 20% decline over the past three months, in stark contrast to the S&P 500 index, which saw a mere 2.7% decrease.
Conversely, year-to-date, the stock has witnessed a 20% rise, surpassing the S&P 500 index's 13% increase. Nonetheless, this increment does little to invigorate investor confidence. The overarching apprehensions surrounding Netflix stem from the broader unease affecting all major tech companies, alleging that the entire sector grapples with overinflated valuations.
Netflix's recent declarations regarding its intensified efforts to combat password sharing are poised to bolster the company's operations. According to JP Morgan, eradicating this practice could potentially drive an increase in Netflix's revenues, amounting to $2.4 billion in 2024 and $3.5 billion in 2025. In light of this promising outlook, JP Morgan has revised its per-share target price to $470, signifying a 32% upswing from the current stock price of $355 per share.
During the last quarter, Netflix fell short of analysts' predictions by revealing earnings per share of $3.29 alongside revenues of $8.19 billion. This contrasted with the anticipated earnings per share of $2.85 and revenues of $8.3 billion as per analysts' forecasts.
Year-to-date, Netflix's stock has risen by 20%, while over the past 12 months, it has experienced a 45% increase.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
