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NFLX Jun 2024 70.000 call

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  • Yahoo Finance Video

    Why Netflix, Disney stocks have 'room to run'

    Netflix (NFLX) and Disney (DIS) stocks soared to 52-week highs driven by the booming streaming industry. Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan and Third Bridge Group Sector Analyst Jamie Lumley join Yahoo Finance's Market Domination to discuss the factors that have investors bullish on these stocks. Ranganathan believes these stocks still possess "room to run." She highlights Netflix's subscriber growth initiatives, such as combating password sharing and introducing ad-supported subscription tiers. For Disney, Ranganathan credits the company's "moderated streaming losses" and its plans to achieve streaming profitability by year's end as catalysts driving stock gains. While acknowledging Netflix's "very strong position" in the streaming landscape, Lumley points out that competitors have also garnered investor optimism. He cites Disney as a prime example, citing its joint sports streaming venture, with sports as "one of the most valuable assets" in the streaming realm. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith

  • Yahoo Finance Video

    Wedbush removes Netflix from 'Best Ideas' list, expects less growth

    Many on Wall Street are bullish toward Netflix (NFLX), with 40 Buy ratings and 16 Hold ratings. Wedbush analysts gave the stock an Outperform rating and raised the price target to $725 from $615, but removed Netflix from its "Best Ideas List." Wedbush Securities Vice President of Equity Research Alicia Reese joins Yahoo Finance to give insight into why Wedbush removed Netflix from the "Best Ideas" list, yet remains bullish on the stock. "We were still very bullish on the stock. We just don't expect the same outsized growth in the shares that we saw over 2023. I think what we're going to see is a shift to some extent from subscriber growth in 2023 that was really outsized. A lot of that driven by the password sharing crackdown and the ad tier as its limited churn. We think ad tier will continue to limit churn over 2024 and beyond," Reese states. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Nicholas Jacobino

  • Zacks

    Netflix (NFLX) Stock Dips While Market Gains: Key Facts

    In the latest trading session, Netflix (NFLX) closed at $607.39, marking a -1% move from the previous day.