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.
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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.