Nasdaq NFLX NetFlix

"The Sound of 007", a documentary commemorating music from the James Bond movies will debut on Apple TV+ next year to mark the 60th anniversary of the Bond franchise.

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which m

U.S. stock indexes fell on Wednesday ahead of a policy announcement by the Federal Reserve later in the day, as recent readings on inflation sealed expectations of a speedier wind-down of the central bank's pandemic-era monetary stimulus.

Shares of Netflix, Inc. (NFLX) slipped 2.7% after the company slashed its subscription rates in India. According to Reuters, Netflix aims to attract a broader customer base in one of the biggest markets for entertainment.

Netflix operates a subscription streaming service and has over 214 million subscribes worldwide as of October 31, 2021. Shares closed down 1.1% at $597.99 on December 14.

Revised Subscription Plans

In India, Netflix competes with major international players such as Disney+Hotstar which falls under The Walt Disney Company (DIS), Amazon Prime which falls under Amazon.com, Inc. (AMZN), and other national streaming service providers.

Netflix’s lowest monthly plan, which allows streaming on mobiles and tablets, is down to ₹149 from ₹199. Netflix introduced its cheapest plan ever to attract viewership during the COVID-19 pandemic.

Netflix’s “basic plan”, which allows access to one user to stream on all devices, has seen the biggest cut, to ₹199 from ₹499. Meanwhile, its premium plan rate, which is accessible by four devices at a time, has been cut to ₹649 from ₹799. Similarly, its standard plan, which allows access to two devices at a time, has been slashed to ₹499 from ₹649.

Management Comments

Monika Shergill, VP for content at Netflix India, said, “It’s a two-pronged offering for customers; we are reducing pricing and offering value. It also comes with a big content line-up. We have a big global slate with a big Indian slate.”

See Analysts’ Top Stocks on TipRanks >>

Analysts’ View

Last week, Morgan Stanley analyst Benjamin Swinburne maintained a Buy rating on the stock, with a price target of $700, which implies 17.1% upside potential to current levels.

According to Swinburne, both the broader media segment and Netflix are poised for long-term growth potential. The biggest factor in the company’s stock performance is its content leverage, which is better than its competitors. The analyst believes Netflix will face diminishing viewership with the slowing pace of the pandemic, and it can increase its gross margins by leveraging international production.

Overall, the stock has a Moderate Buy consensus rating based on 24 Buys, 4 Holds, and 3 Sells. The average Netflix price target of $677.76 implies 15.71% upside potential to current levels. Meanwhile, shares have gained 15.1% over the past year.

Website Traffic

TipRanks’ Website Traffic tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into NFLX's performance.

In November, Netflix website traffic recorded a 27.20% year-over-year decline in monthly visits. However, year-to-date website traffic growth increased by 10.57% compared to the same period last year.

Related News:
Meta Platforms Buys Name Rights for Meta
Starbucks China to Probe Expired Ingredients Usage
UBS Found Guilty in French Tax Case; Penalty Slashed to $2B

Amazon.com Inc said on Wednesday that its cloud service, Amazon Web Services, is facing internet connectivity issues in two regions on the U.S. West Coast.

U.S. stock indexes dipped on Wednesday ahead of a policy announcement by the Federal Reserve later in the day, as the latest readings on inflation solidified bets of a speedier wind-down of the central bank's pandemic-era monetary stimulus.

U.S. stock indexes were set for a muted open on Wednesday as the latest readings on inflation solidified bets that the Federal Reserve might announce a speedier winddown of its pandemic-era monetary stimulus later in the day.

U.S. stock index futures were subdued on Wednesday as the latest reading on inflation solidified bets that the Federal Reserve might announce a speedier wind down of its pandemic-era monetary stimulus later in the day.

It's remarkable I'm even discussing a company reaching a market capitalization of $3 trillion. After all, it wasn't too long ago when the investing world was fawning over Apple (NASDAQ: AAPL) becoming the first to reach a $1 trillion market cap.

(RTTNews) - Netflix Inc. (NFLX) has slashed prices in India by as much as 60% as the streaming giant seeks to increase its market share in the Asian country, which has been dominated by Walt Disney Co.'s (DIS) Hotstar and Amazon.com Inc.'s (AMZN) Prime Video streaming services.

Canada is still prepared to impose a tax on corporations providing digital services, the finance ministry said on Tuesday in an announcement set to irritate the United States.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

If you're a U.S.-based Netflix (NASDAQ: NFLX) subscriber it's easy to expect prices to only head higher. Monthly rates for the leading premium streaming service have gone up five times over the past eight years.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Dow Jones Internet Index Fund (Symbol: FDN) where we have detected an approximate $67.6 million dollar outflow -- that's a 0.7% decrease

There are times when the market hates growth stocks. Throughout 2021, many top winners from 2020 have been hammered, but time has shown that persistently adding shares of growing companies to your portfolio is a great way to multiply your savings over time.

Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon.

Toast (NYSE: TOST) is a software-as-a-service (SaaS) company. Its platform helps restauranteurs manage virtually every aspect of their businesses, from point of sale to marketing. Prior to its September initial public offering (IPO), Toast generated quite a bit of buzz among inve

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Deciding to invest in your very first piece of rental real estate is the first step toward generating a passive income and creating long-term wealth. The journey to building wealth can be quite difficult and should not be taken lightly. Before investing your hard-earned cash int