![]() It also said a decision to raise prices in key markets had cost it. dollar strength could challenge expectations for double digit 4Q23 top line growth although this is no reflection on Netflix’s credible initiatives to complement its still #1 global video streaming position,” said the analyst. One of Netflix most popular series, Bridgerton, launched its second series last month. Overall, Benchmark continues to view Netflix as more of a media stock than a tech one although its executing well on password sharing and AVOD initiatives. ” We have not yet made any estimate revisions for the WGA strike resolution as there are moderate concessions to the union but no outright streaming residuals with bonuses only for the most successful shows,” he wrote. The Writers Guild of America, which has just ended a strike, said its new contract implies compensation increases of just 0.2% or $68 million of Netflix’s annual revenue, which Harrigan said was less than Benchmark was expecting. Is also planning to hike prices for Disney+, Hulu and ESPN as announced last summer. Going to $8.99 from $6.99 for ad-free service and keeping AVOD at $4.99 a month. Other streaming services are also raising prices, including Discovery+ Netflix has since scrapped its mid-tier ad-free basis plan, raising the entry level price to $15.49 from just $9.99 and addressing password sharing with a $7.99 surcharge for users outside a main household. In depth view into NFLX (Netflix) stock including the latest price, news, dividend history, earnings information and financials. Last raised prices in January of 2022, when its ad-free standard plan rose to $15.49 from $14 and a higher-definition 4K version went to $20 from $18 a month. You can opt out at any time.“This actually provides a positive cross read for competing services like Peacock and Max emphasizing AVOD and featuring high CPM live sports, as a Netflix executive indicated in May that its ad tier had nearly 5M monthly active users-moderate to other services,” said analyst Matthew Harrigan. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. ![]() ![]() The analyst firm set a price target for 455.00 expecting NFLX to rise to within 12 months (a. Fundamental company data provided by Zacks Investment Research. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing. Netflix (NASDAQ: NFLX) was reported by JP Morgan on September 28, 2023. To see all exchange delays and terms of use please see disclaimer. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The forecasts range from a low of 215. Our Accessibility Statement | Do Not Sell My Information Based on short-term price targets offered by 31 analysts, the average price target for Netflix comes to 445.19. does not provide financial advice and does not issue recommendations or offers to buy stock or According to data by The Verge, Netflix's January 2022 price bump represents a 40 increase compared to October 2017 for its premium price point and its standard option. As of September 2023, Netflix stock holds a consensus Buy rating with an average price target of 464.51, according to Yahoo Finance. View daily, weekly or monthly format back to when Netflix, Inc. keeps track of all major brokerages’ stock ratings and recommendations, including Goldman Sachs, JPMorgan Chase, Wells Fargo, Bank of America/Merrill Lynch, Citigroup, Morgan Stanley and many more. Discover historical prices for NFLX stock on Yahoo Finance. provides comprehensive coverage of stock ratings, including equities research analysts’ upgrades, downgrades, new coverage and price targetĬhanges. Pre-Market: 04:08AM EDT Time Period: Show: Historical Prices Frequency: Daily Apply Currency in USD Download Loading more data. With original programming increasing from 600 hours in 2016 to more than 1,000 hours in 2017, Netflix will increase content spending by. In short, Netflixs unusual success is precisely the reason its stock price is unusually high. 326 E 8th St #105, Sioux Falls, SD 57103. So its no coincidence that the Netflix stock price has gone bonkers in. © American Consumer News, LLC dba ® 2010-2023.
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