Previous close | 4.4000 |
Open | 4.5500 |
Bid | 4.1500 |
Ask | 4.7000 |
Strike | 330.00 |
Expiry date | 2025-01-17 |
Day's range | 4.5500 - 4.6000 |
Contract range | N/A |
Volume | |
Open interest | 1.45k |
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
Shares of Disney (DIS) and Netflix (NFLX) are trading to new heights, reaching 52-week highs. Disney's stock is being propelled by the successful implementation of the company's turnaround plan, robust free cash flow generation, and strategic partnerships within sports streaming. Meanwhile, Netflix's stock is thriving due to subscriber growth, increased revenue streams, and the recently announced collaboration with WWE to explore gaming opportunities. Yahoo Finance's Alexandra Canal breaks down the details. 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 Angel Smith
American Woodmark Corporation, Crocs, Hyatt Hotels, Netflix and Ralph Lauren Corporation are part of the Zacks top Analyst Blog.