What the Options Market Tells Us About Netflix
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards Netflix (NASDAQ:NFLX), with 63% of trades being bearish. Major market movers are targeting a price range between $5.0 and $1100.0 for Netflix. Significant options trades have been detected, including both bearish and bullish positions. Netflix's business model focuses on its streaming service, with a global subscriber base of almost 250 million. The stock is currently down -0.15% at $619.81, with analysts setting an average price target of $694.0.
March 20, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Netflix shows a bearish sentiment in the options market, with a significant portion of trades expecting a price decline. However, analysts maintain a positive outlook with an average price target of $694.0.
The bearish sentiment in the options market, indicated by 63% of trades being bearish, suggests short-term price pressure. However, the positive analyst ratings and the average price target of $694.0 provide a counterbalance, suggesting potential for recovery or resilience. The mixed signals from the options market and analyst ratings make the short-term impact on NFLX's stock price uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100