There are speculations that the Netflix stock (NFLX) dip has come to an end as the stock started rallying upwards today.
Netflix has been suffering from a decrease in subscribers, which greatly impacted its revenue and consequently its share price.
To help stock investors interested in investing in Netflix stock (NFLX) dip, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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What is Netflix stock?
Netflix stock is the stock of Netflix, Inc. and it trades in the US on the NASDAQ Stock exchange under the symbol NASDAQ: NFLX.
For those coming across Netflix for the first time, it is an American subscription streaming service and Production Company that allows viewers to watch different films and television series.
Netflix was founded in August 1997
Should I buy Netflix stock today?
If you want to invest in the shares of an entertainment company, then the Netflix stock could be a good choice especially now that it is bouncing back after a long drop.
Nonetheless, it is important to note that it is not known how far the pullback shall go especially since it is attributed to the decreasing number of subscriptions; something that has to change for the stock to possibly start rising.
Netflix stock price prediction
The Netflix stock (NFLX) stock had been on a continuous drop since mid-November last year (2021) but it seems the bear has come to an end after today 1.16% rise and a sense of increased subscribers.
Analysts have set their eyes on a price target of about $395 before the end of February 2022.
$NFLX stock social media coverage
The post Netflix stock (NFLX) up 1% today after two 2-months fall: here’s where to buy NFLX stock appeared first on Invezz.