JPMorgan raises Netflix price target to 510. Starting strong, the stock experienced a remarkable climb of 62 by July, and edged closer to the 500 milestone. It is now the worst-performing stock of 2022 in the S&P 500, down 62.5 year-to-date. Currently experiencing a bullish trend, Netflix's stock has gained 61 this year. The drop caused Netflix to shave more than 50 billion off its market cap. The company said it expected revenue growth to accelerate in the second half of the year, adding it aimed to continue to create compelling shows and movies, improve monetization, boost its video game business and make users’ experience better. Netflix Incs NFLX stock has taken investors on a bumpy ride. Netflix's stock has demonstrated resilience, recovering from a 28 decline between July and October 2023. The company launched a cheaper tier with advertising last November, and started asking password borrowers to pay in a widespread crackdown that rolled out in May. Netflix has been looking for new ways to make money as streaming competition intensifies and it nears market saturation in the United States. View more of Netflix, Inc.’s past performance. Shares of Netflix were down 8.9% after the results at $435. Netflix, Inc.’s stock price is currently approximately 478.00. The revenue figure, along with a weaker-than-expected forecast for revenue in the third quarter, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that easily topped predictions. Get the latest stock price, quote, news and history of Netflix, Inc. In this article, we will take a look at Jim Cramer’s top 10 stock picks for. Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling. Account owners on a Standard or Premium plan in many countries can share Netflix with someone who doesnt live with them by adding an extra member to their. Netflix (NFLX) concluded the recent trading session at 479.56, signifying a +0.33 move from its prior day's close.
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