Netflix stock (NASDAQ:NFLX) registered a dropped on Tuesday but it is showing signs of recovering after registering a 12.41% rise in the market after hours.
The surge in the after-hours is largely attributed to the Q3 results released yesterday showing an increase in subscribers and earnings per share (EPS) of $3.10, which is far ahead of analysts’ predictions.
Netflix has also made several efforts as it realigns itself to regain its pandemic-era boom. The streaming giant has added several hits like Stranger Things and Monster: The Jeffrey Dahmer Story which have played a huge role in attracting an additional 2.4 million subscribers between July and September. It also plans to launch a less expensive option with adverts next month.
To help stock investors interested in investing in Netflix, Invezz has created a brief article on where to buy its stock.
To find out more, please continue reading.
Best places to trade Netflix stock
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
The world-leading online trading and investments provider giving clients access to opportunities across thousands of financial markets through our intuitive platforms and apps.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
What is Netflix?
For those coming across Netflix for the first time, Netflix, Inc. is an American subscription streaming service and Production Company that allows viewers to watch different films and television series. It was founded in August 1997.
Netflix is a publicly traded company and it is listed on the NASDAQ stock exchange under the symbol NASDAQ: NFLX.
Should I buy Netflix stock today?
If you are wondering whether to invest in Netflix, now could be a good time going by the rise in subscribers and the recent Q3 earnings report.
However, the current economic times still pose a challenge to the company. The subscription fees may be too high, especially at a time when inflation is at an all-time high around the globe.
Netflix stock price prediction
With the rise in subscribers and the planned launch of ad services, Netflix’s revenue is only expected to keep rising, which is positive for its share prices.
Analysts expect the stock to recover from the current short dip and reclaim $249 before making a dash for somewhere above $250 by the start of November.
Netflix social media trends
The post Where to buy Netflix stock: company gained 2.4M subscribers and plans to add ads appeared first on Invezz.