Since Netflix’s 77% price crash from its record high of $700.99 in November 2021 to its multi-year low at $162.71 in May 2022, the management team have been trying to stabilise its share price in the face of an increasingly competitive streaming sector.
Share prices are up by more than 100 percent from their low in May 2022, but have remained relatively range-based so far this year. All eyes have been on Netflix’s first quarter earnings results and new initiatives such as a crackdown on password sharing and its new ad-based streaming model.
Below, you can find out more about Netflix and the forecasts of analysts for the stock.
|Symbol of Invest.MT5 account:||NFLX|
|Date of idea:||19 April 2023|
|Time Line||One to six months|
|Position Size for the Invest.MT5 Account||Max 5%|
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