Market Movers

Netflix, Inc.’s Stock Price Skyrockets to $871.32, Surging by 2.87%

By November 20, 2024 No Comments

Netflix, Inc. (NFLX)

871.32 USD +24.27 (+2.87%) Volume: 3.76M

Netflix, Inc.’s stock price soars to 871.32 USD, marking a significant trading session increase of +2.87% and an impressive YTD surge of +78.96%, fueled by a robust trading volume of 3.76M, highlighting the streaming giant’s consistent market dominance and appealing investment potential.


Latest developments on Netflix, Inc.

Netflix Inc‘s stock price experienced a rollercoaster ride recently, initially recovering from losses due to technical glitches disrupting the Jake Paul and Mike Tyson boxing match. The stock soared to record highs following the revelation that the Tyson-Paul fight attracted a staggering 108 million viewers. Billionaire Jerry Jones highlighted the potential of live sports for Netflix, hinting at a possible stock surge. Despite some setbacks, Netflix remains a popular investment choice, with brokers recommending investing in the streaming giant. With the success of the Tyson-Paul fight and Beyoncé’s upcoming performance on Netflix, the stock is expected to continue its upward trajectory. Overall, the future looks bright for Netflix Inc as it continues to dominate the streaming market.


Netflix, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are bullish on Netflix Inc‘s performance, with the company’s third-quarter revenue soaring to $9.83 billion. The strong financial results, exceeding expectations on earnings per share and revenue, reflect a 15% year-on-year growth. Netflix added 5.1 million new subscribers, slightly above Wall Street estimates, bringing its total membership to 282.7 million. This performance highlights key developments that position Netflix well in the competitive streaming market.

Behind the Money, another analyst on Smartkarma, discusses how Netflix is upending Hollywood. Despite challenges and competition, Netflix’s stock hit an all-time high as traditional Hollywood companies struggle. The company, initially a renegade tech startup, leads the streaming market with its first mover advantage. Facing subscriber losses, Netflix plans to launch an advertising-supported business to combat competition in the streaming wars. This dynamic landscape in the entertainment industry showcases Netflix’s resilience and strategic moves in staying ahead.


A look at Netflix, Inc. Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Netflix Inc. has a positive long-term outlook with high scores in Growth and Momentum. This indicates that the company is expected to experience strong growth and have positive momentum in the future. Despite lower scores in Value and Resilience, the high scores in Growth and Momentum suggest that Netflix Inc. may continue to expand its subscriber base and offerings, solidifying its position in the market.

Netflix Inc. is known for being an Internet subscription service that allows users to stream TV shows and movies. With a focus on growth and momentum, the company is likely to continue providing a wide range of content to its subscribers. Although it may not offer high dividends or be considered a strong value investment, the company’s emphasis on growth and innovation positions it well for the future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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