• Netflix Soars Despite Delistings: Bullish Sentiment Amid Growth and Licensing Deals

  • Nov 11 2024
  • Length: 2 mins
  • Podcast

Netflix Soars Despite Delistings: Bullish Sentiment Amid Growth and Licensing Deals

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  • Summary

  • **Netflix (NFLX) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $795.04 USD[4].
    - Intraday trading range: $788.65 - $799.06[2].

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market and after-hours data provided in the sources.

    3. **Trading Volume vs Average:**
    - No specific trading volume data compared to average provided in the sources.

    4. **Recent News or Announcements:**
    - Netflix will delist nearly all of its interactive shows and films[1].
    - Netflix’s Mike Verdu announces new role as VP of GenAI for Games[1].
    - Netflix and Universal Filmed Entertainment expand U.S. licensing deal[1].

    5. **Major Analyst Updates or Price Target Changes:**
    - Analyst consensus: Moderate Buy with an average price target of $786.86, indicating a 0.85% upside[1].
    - 28 analysts have revised their earnings upwards for the upcoming period[2].

    6. **Options Flow Activity:**
    - No specific options flow activity data provided in the sources.

    7. **Related Semiconductor/AI Sector News Affecting Netflix:**
    - No direct semiconductor/AI sector news affecting Netflix in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - SMA: Positive 20 days / 200 days[1].
    - Momentum: 83.50% over 12 months[1].
    - TTM EPS: $17.67 (+76.35% YoY)[3].
    - TTM PE: 43.23[3].
    - Market sentiment: Very Bullish with 91% bullish news and 9% bearish news[1].

    **Market Sentiment:**
    - The overall market sentiment for Netflix is very bullish, supported by positive analyst consensus, strong financial performance, and significant subscriber growth. The recent announcements and licensing deals further reinforce this sentiment. However, potential risks include monetization challenges and valuation concerns.
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