Nasdaq NFLX NetFlix

Netflix ( NASDAQ:NFLX ) stock has continued its robust rally off its mid-2022 lows. When the stock fell off a very steep cliff in late 2021 and early 2022, the company's growth prospects were questioned. With Squid Game: The Challenge reality series leaning on the strength of its impressive Squid Game franchise and new plans for its video game business, it's hard not to feel better about the company's growth story moving into 2024. Sure, Netflix stock's 2021-22 crash was rather painful. It's still quite unheard of to learn of a FAANG stock shedding more than 70% of its value in a matter of months! As it turned out, the stock went from being absurdly overvalued to absurdly undervalued. Today, after marching about 190% since its 2022 lows, the stock more or less looks to be close to a fair valuation. At writing, shares trade at 29.2 times forward price-to-earnings (P/E) — or 48.0 times trailing earnings — a multiple that reflects robust growth, but it's not the hyper-growth multiple it once commanded. Of course, a forward P/E of around 30 times doesn't exactly scream cheap. However, if Netflix can prove to the world it has game (pardon the pun), I do not doubt the firm's abilities to continue surging into the new year, perhaps on the back of more valuation multiple expansion. Under the leadership of its new CEO, Greg Peters, who's done a solid job at the helm in his first year, I do think Netflix's gaming expedition will prove worthwhile. As such, I'm staying bullish on Netflix stock, as are many analysts, with shares going for just north of $470 per share. From Squid Games to Video Games, Netflix's Moat May be Wider Than You Think Squid Game is more than just a hot show; it seems to be a robust franchise that's paved the way for an impressive reality series. Reportedly, the premiere of Squid Game: The Challenge drew in 1.1 million viewers in the U.S. The reality series, which, apart from being filmed in a massive former aircraft hangar in the U.K., has plenty of U.K.-based contestants, is also a hit in the U.K. market. After having binge-watched the entire series, I must say that I'm convinced the Squid Game brand has grown into something special, perhaps a cash cow for Netflix. Like the original Squid Game show, The Challenge is slated for another season, and it's open to taking in new applications for its second season. Who wouldn't want to be a contestant on the show and have a shot at the $4.56 million? It's the biggest prize in reality TV history -- one that probably won't be topped anytime soon. Looking ahead, Netflix viewers eagerly await the second seasons of Squid Game and Squid Game: The Challenge. Additionally, a video game within the Squid Game universe is also on the horizon. My guess is that it'll be a hit, too. At this juncture, I view Squid Games as one of the critical components of Netflix's moat. While we've witnessed a slew of competitors in streaming step forward in recent years, it's been absolutely remarkable that Netflix has been able to stay top dog. Moving forward, I think it can still stay a leader as its rivals look to team up to offer bundles and better value for prospective customers. Netflix: Gaming Push is Key to Fending Off Rivals in Streaming's "Bundling" Era Indeed, Paramount ( NASDAQ:PARA ) made headlines for chatter over a potential bundle deal with the likes of Apple ( NASDAQ:AAPL ), which has its own Apple TV+ service. The deal could help the two streaming underdogs get a nice edge in the streaming space. But don't look for any such partnership to dethrone Netflix -- not while it continues to deliver much-watched content at a respectable rate. On the bundling front, Netflix is throwing in its gaming offerings to keep subscribers subscribed. Until now, games haven't been a massive draw for the company. However, in 2024, games may be what keeps Netflix as one of the stickiest subscriptions in streaming. The company offers a slew of mobile and cloud games that users can play on their TVs. Such games are relatively small games that aren't drawing in hardcore gamers and fans of triple-A titles. This is bound to change. Netflix not only has close to 90 games in the works, but it is also bringing one of the biggest game franchises to its platform: Grand Theft Auto (GTA) Trilogy , and it won't cost subscribers extra to access the gaming content. I view the aggressive gaming move as a genius one. As gamers await GTA VI, which recently dropped its much-awaited trailer and release year (2025), I'll bet that many will want to revisit the classic titles in the GTA franchise in 2024. Is NFLX Stock a Buy, According to Analysts? On TipRanks, Netflix stock comes in as a Moderate Buy. Out of 35 analyst ratings, there are 24 Buys, 10 Holds, and one Sell recommendation. The average NFLX stock price target is $467.93, implying downside potential of 2.5%. Analyst price targets range from a low of $325.00 per share to a high of $600.00 per share. The Bottom Line on Netflix With all the gaming titles and Squid Game content coming, I think Netflix will have no issues raising prices again when the time comes. Netflix isn't just another streamer. It has a magic formula and a willingness to step outside of its comfort zone in search of greater growth. Disclosure 

Netflix (NFLX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

European broadcaster RTL Group said on Friday that it would sell its Dutch subsidiary RTL Nederland to Belgium-based DPG Media in a deal worth 1.1 billion euros ($1.21 billion) that will also see the two companies enter into a strategic partnership.

A merger of Walt Disney's India unit and billionaire Mukesh Ambani's media business would create an entertainment powerhouse in India, but lawyers say any deal would draw intense antitrust scrutiny and assets would likely need to be shed.

The unusual world of Hawkins, Indiana, came alive in London on Thursday as Netflix debuted a stage play based on its hit sci-fi series "Stranger Things."

Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

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Media streaming company Roku’s ( NASDAQ:ROKU ) impressive third-quarter performance has fueled its stock price, driving it up by 149% year-to-date, outperforming the S&P 500’s ( SPX ) gain of 22%. Roku's revenue growth has begun to pick up again. Furthermore, the advertising market's recovery could be beneficial to Roku in the short term. However, I believe it could take a few more years for Roku to be profitable, which is why I'm currently bearish on ROKU stock. Roku’s Q3 Performance Fueled Its Stock Price Performance Roku is a television streaming platform whose affordability, ease of use, and vast content library have made it a household name. In its recent third quarter, active accounts grew to 75.8 million globally compared to 65.4 million in the prior-year quarter. Plus, global streaming hours on the platform increased by 22% year-over-year in Q3. What sets Roku apart is its ecosystem, which includes both hardware and software elements. Roku's hardware includes a range of streaming devices that fall under its Devices segment. Thanks to its new Roku-branded televisions, Devices revenue jumped 33% year-over-year to $125.2 million in Q3. Meanwhile, the Platform segment revenue, generated from content distribution and video advertising, also increased by 18% to $786.8 million from the prior-year quarter. Roku’s stock price performance this year can be attributed to its strong revenue growth, which came in at 20% year-over-year, reaching $912 million, surpassing the consensus estimate of $857 million.  Profitability is Still a Long Shot While revenue growth has been impressive, it has not been sufficient to propel the company to profitability. However, Roku is making progress, reporting a positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $43.4 million for the first time in the quarter. In an 8-K filing in September, Roku announced that it was undertaking some drastic cost-cutting strategies this year. The goal is to bring down its “year-over-year operating expense growth rate by consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures.” Strong revenue growth and cost reductions contributed to a positive EBITDA in the third quarter, according to the company. Furthermore, Roku expects the rebound in video ads to continue in Q4, predicting $955 million in revenue for the quarter. Management also stated, “We will continue to operate our business with discipline to defend margins, with a focus on driving positive free cash flow over time.” Meanwhile, analysts foresee Q4 revenue to be around $966 million, and Roku’s full-year 2023 revenue is expected to increase by 9.8% year-over-year to $3.43 billion.  The competition in the streaming space is heating up. Roku's ability to be profitable in the coming years will be determined by how well it maintains and grows its user base while effectively reducing costs and monetizing its platform. Is ROKU Stock a Buy, According to Analysts? Overall, ROKU stock has earned a Moderate Buy consensus rating on TipRanks based on analyst ratings. Recently, Wedbush analyst Alicia Reese raised ROKU stock's price target, citing the possibility that the company's initiatives will result in higher revenue growth and consistent earnings in the long run. The analyst has a Buy rating on the stock. Meanwhile,  Citi analyst Jason Bazinet maintained his Hold rating on the stock, stating that while Roku's financial metrics may improve, the company's long-term outlook remains uncertain. Out of the 23 analysts covering the stock, eight rate it a Buy, 13 rate it a Hold, and two rate the stock a Sell. ROKU has soared following its third-quarter results, surpassing its average price target of $87.84. ROKU's high target price of $120, on the other hand, indicates upside potential of 18% in the next 12 months. Since Roku is not profitable, it can be valued only based on its sales. Based on its estimated revenue growth of 11.8% to $3.84 billion in 2024, Roku is priced at a reasonable forward price-to-sales (P/S) ratio of 3.8, lower than its historical average of 10.8. Roku is also valued cheaper than its bigger competitors in the industry, Netflix ( NASDAQ:NFLX ) and Apple ( NASADAQ:AAPL ), which have forward P/S ratios of 5.2 and 7.1, respectively. The Bottom Line on Roku Despite the ongoing increase in streaming demand, it has notably declined from the peak levels experienced during the pandemic, as people are spending less time at home. While Roku is reasonably valued for a growth stock, it may be a few years before the company sees green in its bottom line. Until it is profitable, I will be steering clear of Roku. Disclosure

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (Symbol: NFLX), where a total volume of 177,150 contracts has been traded thus far today, a contract volume which is representative of approximately

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $4.0 billion dollar inflow -- that's a 1.0% increase week over week

Billionaire Mukesh Ambani's Reliance Industries and U.S. giant Walt Disney are discussing a plan to hold next-stage talks about their India media business merger in London next week, two people familiar with the matter said.

Investors in Netflix, Inc. NFLX need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 19, 2024 $20 Call had some of the highest implied volatility of all equity options today

Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

Netflix (NFLX) closed the most recent trading day at $463, moving +0.68% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.46%. On the other hand, the Dow registered a gain of 0.48%, and the t

Warner Bros Discovery said on Tuesday that music streaming giant Spotify would host the media conglomerate's podcasts as part of its monetization drive.

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Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Netflix is set to pull ahead of Disney+ in the race for U.S. advertising dollars next year as price hikes and a password-sharing crackdown pull more viewers to its ad-supported plan, an Insider Intelligence report projected.