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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Netflix surges after analysts upgrade

17:28 28 September 2022

Netflix (NFLX.US) stock rose nearly 8.0% after Atlantic Equities upgraded the streaming giant to overweight from neutral and increased its price target to $283, up from $211, saying company's lower-cost, ad-supported subscriber tier, which it plans to launch in several countries on November 1 2022, could boost its share price by 26%.

According to analyst Hamilton Faber, Netflix could achieve average revenue per user (ARPU) of $26 per month from advertising, more than three times the rate of Disney's Hulu.

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Netflix (NFLX.US) stock is trading around 65.0% below it's all-time high from November 2021 as slowing subscriber growth caused panic among investors. Price has been moving sideways in recent weeks, however prospects of higher ad revenue growth provided some fuel for bulls today. Nevertheless only a decisive break above the upper limit of the consolidation zone at $251.60, would be a sign of potential trend reversal. Source: xStation5

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