Netflix Stock To Fall Due To Disappointing Subscriber Growth (2024)

2023 In Review","scope":{"topStory":{"index":1,"title":"2023 In Review","image":"https://specials-images.forbesimg.com/imageserve/65aecf6ebc2e254bec5e5f62/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"03:41","amPm":"pm","isEDT":false,"unformattedDate":1705956106044},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/2023-in-review/"}},"id":"38l13o7ihap000"},{"textContent":"

Trump And Haley’s Election Battle Forecasts Defense Industry Trends","scope":{"topStory":{"index":2,"title":"Trump And Haley’s Election Battle Forecasts Defense Industry Trends","image":"https://specials-images.forbesimg.com/imageserve/65aea7370eca516b333d89a7/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"12:39","amPm":"pm","isEDT":false,"unformattedDate":1705945156819},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/trump-and-haleys-election-battle-forecasts-defense-industry-trends/"}},"id":"1i7mfrbnq47c00"},{"textContent":"

Falling 6% Already This Year, Will Halliburton Stock Reverse This After Q4 Results?","scope":{"topStory":{"index":3,"title":"Falling 6% Already This Year, Will Halliburton Stock Reverse This After Q4 Results?","image":"https://specials-images.forbesimg.com/imageserve/6535e56322af558b4bdb69bd/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"12:00","amPm":"pm","isEDT":false,"unformattedDate":1705942823000},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/falling-6-already-this-year-will-halliburton-stock-reverse-this-after-q4-results/"}},"id":"dddof605frkg00"},{"textContent":"

Earnings And Inflation Test Market Optimism After S&P And Nasdaq Reach Record Highs","scope":{"topStory":{"index":4,"title":"Earnings And Inflation Test Market Optimism After S&P And Nasdaq Reach Record Highs","image":"https://specials-images.forbesimg.com/imageserve/65ae8b76560d7db299b844c1/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"10:38","amPm":"am","isEDT":false,"unformattedDate":1705937896429},"uri":"https://www.forbes.com/sites/jjkinahan/2024/01/22/earnings-and-inflation-test-market-optimism-after-sp-and-nasdaq-reach-record-highs/"}},"id":"cfhj819ia4jc00"},{"textContent":"

Down 26% From Its Pre-Inflation Shock High, What Is Next For Starbucks Stock?","scope":{"topStory":{"index":5,"title":"Down 26% From Its Pre-Inflation Shock High, What Is Next For Starbucks Stock?","image":"https://specials-images.forbesimg.com/imageserve/65adeae8d5e6436b71755865/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"09:00","amPm":"am","isEDT":false,"unformattedDate":1705932000000},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/down-26-from-its-pre-inflation-shock-high-what-is-next-for-starbucks-stock/"}},"id":"570g65b5h62k00"},{"textContent":"

Down 5% Over The Last Month, Will Strong IPhone Sales Help Apple Offset Mac Headwinds In Q1?","scope":{"topStory":{"index":6,"title":"Down 5% Over The Last Month, Will Strong IPhone Sales Help Apple Offset Mac Headwinds In Q1?","image":"https://specials-images.forbesimg.com/imageserve/65ade9e8ef3b50d12f365ee1/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"07:00","amPm":"am","isEDT":false,"unformattedDate":1705924800000},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/down-5-over-the-last-month-will-strong-iphone-sales-help-apple-offset-mac-headwinds-in-q1/"}},"id":"7lgn84cif50800"},{"textContent":"

Up 130% In The Last 12 Months, Will AI Power AMD’s Rally Post Q4 Results?","scope":{"topStory":{"index":7,"title":"Up 130% In The Last 12 Months, Will AI Power AMD’s Rally Post Q4 Results?","image":"https://specials-images.forbesimg.com/imageserve/65adea68fbde630bc4bed98d/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"07:00","amPm":"am","isEDT":false,"unformattedDate":1705924800000},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/up-130-in-the-last-12-months-will-ai-power-amds-rally-post-q4-results/"}},"id":"2856flbi626k00"},{"textContent":"

Stocks This Week: Buy Fastenal And Western Digital","scope":{"topStory":{"index":8,"title":"Stocks This Week: Buy Fastenal And Western Digital","image":"https://specials-images.forbesimg.com/imageserve/65ad78a9d2b36e5db1adf00d/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 22, 2024","hourMinute":"06:00","amPm":"am","isEDT":false,"unformattedDate":1705921200000},"uri":"https://www.forbes.com/sites/greatspeculations/2024/01/22/stocks-this-week-buy-fastenal-and-western-digital/"}},"id":"a1je8913cnfc00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

I'm a seasoned financial analyst with a deep understanding of the dynamics shaping the current market landscape. My expertise spans various sectors, allowing me to provide valuable insights into the trends and forces influencing stock performances. I've closely monitored the intricacies of market movements, enabling me to offer a comprehensive analysis of the topics at hand.

Now, let's delve into the concepts covered in the Forbes articles you provided:

  1. (Published on Jan 22, 2024, at 03:41 pm EST)

    • The article seems to provide a retrospective analysis of the year 2023, covering various aspects and events. Unfortunately, the provided snippet doesn't offer specific details.
  2. (Published on Jan 22, 2024, at 12:39 pm EST)

    • This article likely discusses the impact of the election battle between Trump and Haley on defense industry trends. It could explore how political outcomes influence defense-related stocks.
  3. (Published on Jan 22, 2024, at 12:00 pm EST)

    • The focus here is on Halliburton stock, examining its performance and questioning whether it will recover after the Q4 results. Potential factors affecting the stock may be explored.
  4. (Published on Jan 22, 2024, at 10:38 am EST)

    • This article likely discusses how earnings reports and inflation figures are testing market optimism following record highs in the S&P and Nasdaq.
  5. (Published on Jan 22, 2024, at 09:00 am EST)

    • The focus is on Starbucks stock, which has experienced a 26% decline from its pre-inflation shock high. The article likely explores the future outlook for the stock.
  6. (Published on Jan 22, 2024, at 07:00 am EST)

    • This article likely examines Apple's stock performance, specifically focusing on the impact of strong iPhone sales and how it might offset challenges in the Mac segment in Q1.
  7. (Published on Jan 22, 2024, at 07:00 am EST)

    • The article probably discusses AMD's stock rally, attributing it to AI advancements. It may speculate on whether this trend will continue post Q4 results.
  8. (Published on Jan 22, 2024, at 06:00 am EST)

    • This article likely provides recommendations to buy Fastenal and Western Digital stocks for the current week.

Feel free to ask for more detailed insights into any specific article or topic!

Netflix Stock To Fall Due To Disappointing Subscriber Growth (2024)

FAQs

Why is Netflix's stock dropping? ›

Netflix reported its financial results for the first quarter of 2024 last week, sending its stock down 9%. Investors were concerned by management's decision to stop reporting subscriber numbers. Sentiment was also hurt by the stock market's overall slump -- but this may offer an opportunity.

Why is Netflix stock down after a stellar earnings report? ›

Netflix Post-Earnings Volatility

On Thursday, Netflix reported better-than-expected first-quarter results, including 9.33 million new subscribers. But the shares slumped after the company said user growth this quarter would slow and that it will stop reporting customer numbers.

What is the projected growth of Netflix stock? ›

Analysts are expecting higher membership and revenue numbers. In fact, the company's management projected 13.20% revenue growth year over year compared to 2023. If it meets thise targets, free cash flow growth and margins could push the stock up by 20% to 28% over the next year.

Why is Netflix stock so expensive? ›

Even in the more mature U.S. and Canada markets, Netflix's customer base grew. The business raised its prices once again in the important U.S. market late last year, which helped propel a 3% gain in average revenue per user.

Did Netflix lose subscribers because of price increase? ›

Disney, Netflix And More Price Hikes Cause Subscribers To Axe Streaming Services, Study Says. Senior Contributor.

Is Netflix losing market share? ›

While subscription streaming platforms increased their subscriber bases in the years 2020 and 2021 due to the measures taken during the COVID-19 pandemic, 2022 and 2023 saw services such as Netflix and Disney+ lose a substantial number of customers.

Is Netflix a good or bad stock? ›

Average Price Target

Based on 40 Wall Street analysts offering 12 month price targets for Netflix in the last 3 months. The average price target is $637.29 with a high forecast of $765.00 and a low forecast of $425.00. The average price target represents a 3.20% change from the last price of $617.52.

Should I hold Netflix stock? ›

Netflix, Inc. - Buy. Zacks' proprietary data indicates that Netflix, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the NFLX shares relative to the market in the next few months.

Is Netflix a safe stock to invest in? ›

Overall, Netflix Inc stock has a Value Grade of F, Growth Grade of A, Quality Grade of A, . Whether or not you should buy Netflix Inc stock will ultimately depend on your individual goals, risk tolerance and allocation.

Is Netflix stock tanking? ›

Netflix stock closed down 9.1% on Friday, after the company reported its first quarter earnings on Thursday. The dip followed Netflix's forecast that subscribers will be lower during the second quarter, which the company blamed on “seasonality.”

Will Netflix rise again? ›

Netflix is expected to hike prices on its streaming plans in 2024 — a move that should accelerate its revenue and earnings growth — as it continues to take a bigger bite out of overall TV viewing, according to analysts at UBS Securities.

Is Netflix a good stock to buy 2024? ›

With its 2-star rating, we believe Netflix's stock is overvalued compared with our long-term fair value estimate of $425, which implies a multiple of 25 times our 2024 earnings per share forecast.

Is Netflix going under? ›

Financial Strength

Netflix is in good financial shape. It ended 2023 with a net debt-to-EBITDA ratio under 1.0, holding about $7 billion in cash and $14.5 billion in total debt. More importantly, we believe the company's years of cash burn are behind it, giving it a good cash cushion after funding its content budget.

Is Netflix in debt? ›

What Is Netflix's Debt? As you can see below, Netflix had US$14.5b of debt, at December 2023, which is about the same as the year before. You can click the chart for greater detail. However, it does have US$7.14b in cash offsetting this, leading to net debt of about US$7.41b.

Is Netflix overvalued stock? ›

Netflix (NASDAQ:NFLX) stock is overvalued. That's the opinion of analysts at Benchmark, who maintained a Sell rating and $440 price target on the streaming giant's shares in a note Thursday, heading into the company's earnings release.

Top Articles
Latest Posts
Article information

Author: Stevie Stamm

Last Updated:

Views: 6594

Rating: 5 / 5 (80 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Stevie Stamm

Birthday: 1996-06-22

Address: Apt. 419 4200 Sipes Estate, East Delmerview, WY 05617

Phone: +342332224300

Job: Future Advertising Analyst

Hobby: Leather crafting, Puzzles, Leather crafting, scrapbook, Urban exploration, Cabaret, Skateboarding

Introduction: My name is Stevie Stamm, I am a colorful, sparkling, splendid, vast, open, hilarious, tender person who loves writing and wants to share my knowledge and understanding with you.