Netflix At Critical Technical Level As Q3 Earnings Coming Up Offering Opportunity To Investors
Portfolio Pulse from Ripster
Netflix (NASDAQ:NFLX) is down 22% from its highs due to the current market environment and the Writers' Strike. The company plans to raise prices after the Actor Strike ends, which is expected to boost Average Revenue per Member (ARM). The company has also modified its pricing tiers, discontinuing its basic ad-free tier in the U.S. JPMorgan believes that paid sharing and advertising will contribute significantly to NFLX revenue over time. The stock is at a critical level of 370, which if held, could present a great risk-reward opportunity to investors.

October 05, 2023 | 2:12 pm
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Netflix's stock is down 22% from its highs. The company's plan to raise prices after the Actor Strike and modifications in pricing tiers could boost its revenue. The stock is at a critical level of 370, which could present a great opportunity to investors if it holds.
Netflix's stock has been affected by the current market environment and the Writers' Strike. However, the company's plan to raise prices after the Actor Strike and modifications in its pricing tiers are expected to boost its revenue. This, along with JPMorgan's positive outlook on the company's revenue from paid sharing and advertising, could potentially impact the stock positively. However, the stock is currently at a critical level of 370, and its movement could greatly depend on whether it holds this level or not.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100