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What's Going On With Netflix Shares?
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What's Going On With Netflix Shares?
Apr 23, 2024 2:13 PM

Netflix Inc ( NFLX ) shares were trading up 4.17% to $577.75 at market close Tuesday as the stock rebounds after its recent earnings report.

The company last week reported a strong first quarter with revenue reaching $9.37 billion, up by 14.8% compared to the previous year, surpassing analyst expectations. Earnings per share stood at $5.28, beating estimates of $4.51.

The streaming giant added 9.33 million paid subscribers, totaling 269.60 million, marking a 16.0% increase from the previous year. These figures exceeded the company’s own forecasts…

Is NFLX A Good Stock To Buy?

Wall Street analysts viewed Netflix ( NFLX ) on the whole as an Outperform, given the history of coverage over the past three months. Macquarie’s Tim Nollen was the most optimistic, expecting a 45.12% rise in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, a person can reference historical price action for views on whether investors feel strongly about the stock one way or another.

In the past three months, Netflix ( NFLX ) rose 4.49%, which indicated opinion improved on the business and how attractive it was to own based on either its stock price or underlying fundamentals, such as revenue, which rose 14.8% over the past year.

A complete overview of how Wall Street views individual stocks is available here, while real-time updates on the latest analyst actions are delivered via Benzinga PRO. Try it for free.

Netflix ( NFLX ) has a 52-week high of $639 and a 52-week low of $315.62.

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