![]() “Netflix eliminated its basic ad-free tier in Canada (& de-emphasized in the US), which we estimate could provide a 10% uplift to ARPU over time and should help scale the ad base faster than prior expectations. “We continue to believe paid sharing will drive 5%+ uplift to revenue and see the roll-out as key to driving scale in advertising with the growth in the ad-tier mix and better targeting,” Hodulik wrote. ![]() See also: Here’s what’s new on Netflix in July 2023 - and what’s leaving He looked at Google search interest in canceling Netflix accounts and found “less inflection” in the search query in markets where Netflix began its account-sharing clampdown during the second quarter versus what was seen in Canada and Spain, where Netflix rolled out its paid-sharing initiative earlier. “Checks on engagement, downloads & search interest were all constructive for the newly launched paid sharing markets.” “We are raising estimates following positive data on paid sharing,” Hodulik wrote. Hodulik’s increasingly upbeat stance comes as Netflix charges ahead with its move to crack down on account sharing, an initiative that seems to be yielding the intended results so far, if third-party data points are any indication.ĭon’t miss: Netflix could be looking at a ‘once-in-a-lifetime opportunity’ 2 days ago &0183 &32 He upped his price target on Netflix shares to 525 from 390 in his latest report, while keeping a buy rating on the stock. But today, the streaming video giant's shares trade at about 180 and are languishing at their lowest levels. Netflix’s second-quarter earnings are on the docket for July 19, after the closing bell. Netflix 's ( NFLX 0.82) stock closed at an all-time high of 691.69 last November. His prior forecasts were for 1.4 million and 3.6 million, respectively. Analysts evaluate the stock’s expected performance in a given time. To report 3.6 million subscriber additions for the June quarter, along with 6.5 million for the September quarter. Find the latest analyst research for Netflix, Inc. ![]() In this period, it has managed to move above the important support level at 251, which was the highest point since August of this year. NFLX (U.S.: Nasdaq) AT CLOSE 4:00 PM EDT 07/13/23 450.1671USD 6.1171 1.38 AFTER HOURS 4:38 PM EDT 07/13/23 449.99 -0.39 -0.09 AFTER HOURS Vol 105,571 Volume. Tomorrows Movement Prediction Forecast & share price targets for tomorrow -NFLX Netflix, Inc. UBS’s John Hodulik said he expects Netflix Netflix stock price forecast The daily chart shows that the NFLX share price has been in a bullish trend in the past few weeks. ![]()
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