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835 Reasons to Invest in Netflix Stock Right Now

4 years 8 months ago
There's little question that Netflix (NASDAQ: NFLX) has created a windfall for early investors, generating returns of more than 43,300% in 20 years. Furthermore, those who invested in the streaming stock just five or ten years ago have beaten the market by a wide margin, with gai
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Company News for Jan 17, 2022

4 years 8 months ago
Citigroup Inc.’s C shares fell 1.3% after the company’s fourth-quarter 2021 net profit declined 24% year over year.    BlackRock Inc.’s BLK shares dropped 2.2% after the company reported fourth-quarter 2021 revenues of $5.11 billion, missing the Zacks Consensus Estimate o
Zacks

3 Stocks to Avoid This Week

4 years 8 months ago
I kick off every new trading week by singling out three stocks that I think investors should avoid. Whether it's upcoming earnings, unsustainable optimism, or some other potential sell-off catalyst, I see them as vulnerable investments for the week ahead. My three stocks to avoid
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What Stocks To Buy Today? 3 Streaming Stocks To Watch

4 years 8 months ago
Are These The Best Streaming Stocks To Invest In Right Now?Among the cyclical stocks that surged during the onset of the pandemic are streaming stocks. Nevertheless, with some of the recent correction, investors may be relooking at this section of the stock market today. For the
StockMarket.com

Netflix Earnings Preview: The Most Important Metric to Watch

4 years 8 months ago
With banks kicking of 2022's first earnings season last week, quartelry reports will continue this week. Perhaps one of the most closely watched companies reporting earnings this week will be Netflix (NASDAQ: NFLX). The streaming service specialist is scheduled to report its four
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Netflix Q4 Earnings Preview: Is Another Strong Quarter in the Cards?

4 years 8 months ago

Netflix (NFLX), the streaming behemoth, will announce its fourth-quarter 2021 upcoming earnings on January 20.

Netflix's stock has increased by roughly 6% in the last year, and it now trades at around $526. Increased competition in the streaming industry, on the other hand, might slow the company's subscriber growth rate in the fourth quarter.

Here, we've used TipRanks' Website Traffic tool to try to get a sense of the company's current state ahead of the Q4 report. The tool assists in detecting the direction of a company's internet traffic.

Netflix’s Website Traffic is on the Rise

During the fourth quarter of 2021, we witnessed a rise in traffic to Netflix's website.

In Q4, the total number of unique visitors increased by 0.10% year-over-year and 3% sequentially. Further, the number of unique visitors increased 4.4% on a monthly basis in December.

This does provide us some information about the company's fourth-quarter results. Higher website views, while not necessarily translating into greater sales, do suggest that more consumers or potential customers have visited the site to learn more about its products and services.

Examining User Location in Relation to Region

To acquire additional information from the website traffic statistics, we may look at the data by region.

The United States accounted for 36.5% of total user traffic in December. Korea, on the other hand, accounted for 7.7% of all visitors, placing it second after the United Kingdom (5.1%). On the other side, countries like India, Germany, and the Netherlands each accounted for less than 5% of overall user traffic.

Analysts’ Opinion about Q4

Recently, Netflix's price target has just been slashed by the majority of analysts, who forecast weaker-than-expected results in the fourth quarter.

Concerned about Q4 results, UBS analyst John Hodulik decreased his subscriber net additions prediction to 7.0 million from the 8.9 million originally projected and 8.5 million expected by management.

He writes, “We believe net additions accelerated in Q4 but came in below management’s guide” as the impetus waned over the quarter owing to Squid Games' late debut. He also feels that, despite the excellent content slate, the seasonal pick-up in December was weaker than in previous years, suggesting that the “industry is still digesting outsized growth from the pandemic.”

As a result, he maintained a Buy rating but decreased the price target to $690.00 from $720.00.

On the plus side, Loop Capital Markets analyst Alan Gould believes the current decline is an “excellent setup leading into NFLX’s earnings next week.” He maintained a Buy rating and a $700.00 per share price objective.

Wall Street’s Cautious Stance

The rest of the analysts on Wall Street are cautious about Netflix stock. According to TipRanks’ consensus rating, Netflix stock has a Moderate Buy consensus rating based on 23 Buys, 5 Holds, and 3 Sells. Netflix’s stock projections show an average price target of $662.93. This implies almost 26.1% upside potential from the current levels.

Download the TipRanks mobile app now.

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Read full Disclaimer & Disclosure

TipRanks

Netflix Stock: Q4 Subscriber Growth Expected to Stall

4 years 8 months ago
The fourth-quarter earnings season kicked off last week with mixed results from several big banks. Financial firms will be in focus again this week, with blue chip Goldman Sachs (GS, $383.64) one of the highest-profile banks to report. Insurance giant UnitedHealth Group
Kiplinger

Can 2021's Best-Performing FAANG Stock Do It Again in 2022?

4 years 8 months ago
If you had invested in any one of the FAANG stocks 10 years ago, you'd be pleased. On average, FAANG stocks have returned an astounding 1782% over the last 10 years versus the market's 325%. Each has changed the world in a different way, and all are continuing to do it. These co
The Motley Fool

Will Higher Prices Hurt or Help Netflix in 2022?

4 years 8 months ago
Digital media veteran Netflix (NASDAQ: NFLX) just raised subscription prices across North America, marking the third price increase in three years. Will this 11% pricing change trigger a huge wave of canceled subscriptions, or should investors expect the top line to grow without
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My Top Fintech Stock to Buy in 2022

4 years 8 months ago
Last year, shares of fintech giant PayPal Holdings (NASDAQ: PYPL) fell as investors weren't pleased with the company's decelerating revenue growth. PayPal's guidance for the fourth quarter didn't help things either. The company said it expects revenue between $6.85 billion and $6
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