![]() ![]() ![]() Which has a market cap of less than $38 billion. Which was worth less than $45 billion as of Friday’s close, and streaming-music company Spotify Technology SA ![]() That decline is more than the total market cap of Zoom Video Communications Inc. Netflix shares plummeted 21.8% Friday, lopping off $49.1 billion in market capitalization from the streaming giant, which had ended Thursday’s trading session worth about $225 billion. If you buy and hold Netflix stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong.The number allayed the stark warnings of some analysts, including JPMorgan’s Doug Anmuth, who had feared a significant shortfall of new subscribers, but executives do see a precipitous slowdown ahead - they predicted just 2.5 million net new subscribers in the first quarter, less than half the 5.8 million that analysts were projecting on average, according to FactSet. Try the Trefis machine learning engine above to see for yourself how the forecast for Netflix stock is likely to changes after any specific gain or loss over a period. In comparison, the S&P 500 has an expected return of 3.1% over the next 21 trading days under Case 1, and an expected return of just 0.5% for Case 2 as detailed in our dashboard that details the expected return for the S&P 500 after a rise or drop. This implies a price forecast of $642 in Case 1 and a figure of $637 in Case 2 using NFLX market price of $613.15 on. NFLX stock fares better after Case 1, with an expected return of 4.6% over the next month (21 trading days) under Case 1 (where the stock has just suffered a 5% loss over the previous week), versus, an expected return of 3.9% for Case 2. Is the price forecast for Netflix stock higher over the subsequent month after Case 1 or Case 2? To put things in perspective, the most recent Super Bowl had under 92 million viewers.Ĭase 1: Netflix stock drops by -5% or more in a weekĬase 2: Netflix stock rises by 5% or more in a week The show had eight episodes, which suggests average viewership -in just the first four weeks-of about 78 million per episode. The most-watched TV show by hours in the first 28 days was Bridgerton season one, which had 625 million viewing hours. Also, it could become the most popular series the company has produced till date. He said Squid Game - a Korean language survival story launched recently – has already blown past Lupin and Money Heist as the most popular foreign language Netflix original. The stock went up recently after some positive announcements by its Chief Content Officer Ted Sarandos. Netflix stock (NASDAQ: NFLX) went up more than 4% in the last one week and currently trades at $613 per share, which is an all-time high for the streaming giant. (Photo by Pascal Le Segretain/Getty Images) Getty Images Netflix September 15 launched service in France, the first of six European countries planned in the coming months. PARIS, FRANCE - SEPTEMBER 19: In this photo illustration the Netflix logo is seen on September 19. ![]()
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