JPMorgan analyst Doug Anmuth cut his December 2024 price target on Netflix (NFLX) to $455 from $505. Anmuth also trimmed his 2024 and 2025 revenue and income estimates for the streaming giant, saying there are “increased concerns that paid sharing is less impactful than expected." Yahoo Finance Live breaks down the report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In the latest trading session, Netflix (NFLX) closed at $377.59, marking a -0.44% move from the previous day.
The Hollywood writers' strike has come to an end after over 140 days. The tentative deal between the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) has still yet to be ratified with a vote, but writers have been given the green light to return to production. Despite this monumental deal, major productions are still halted by the ongoing SAG-AFTRA actors strike. Yahoo Finance's Akiko Fujita joins the Live show to break down the details of the new contract between the writers and studio executives, as well as the current status of the actors' strike. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.