In the closing of the recent trading day, Netflix (NFLX) stood at $1, denoting a -2.34% move from the preceding trading day.
Netflix is facing calls of a boycott from Elon Musk over an animated show it aired that featured a transgender character.
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"Cancel Netflix for the health of your kids," Musk said in a post on X on Tuesday.
On Tuesday, September 29, Elon Musk announced he had cancelled his Netflix (NASDAQ: NFLX) subscription due to frustration with the company's decision to onboard creators with ideological views clashing with his own.
Netflix has regained momentum, with strong revenue growth, improved profitability, and a rising stock. The shift to advertising and new partnerships (Amazon Ads, MLB, AB InBev) adds extra revenue streams. Popular content boosts user engagement and strengthens the brand worldwide.
Netflix remains a "Hold" as shares appear overvalued, but momentum and profitability are strong ahead of Q3 earnings. Raised price target to $1,023 based on robust EPS growth projections and historical PEG ratio, despite elevated price-to-sales valuation. Key risks include rising competition, potential tariffs, and consumer spending slowdowns, but NFLX boasts industry-leading retention and liquidity.
Netflix (NFLX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Netflix and Anheuser-Busch InBev have signed a global co-marketing deal to promote the streaming platform's most-watched titles and the brewer's beers, the companies said on Monday.
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When it comes to outperformance, robust sales growth, margin expansion, and innovation are all contributing factors.
The Trade Desk (TTD -1.95%) shares were slammed on Wednesday after Netflix (NFLX -3.40%) said advertisers will be able to buy Netflix ads programmatically through Amazon's (AMZN -0.11%) demand-side platform (DSP) later this year -- just on time for the holidays. For the independent ad-tech leader, whose software helps brands and agencies buy digital ads across the open internet, this is not immaterial.