tiprankstipranks
Advertisement
Advertisement

Is Netflix Stock (NFLX) a Good Buy Now?

Story Highlights
  • Netflix continues to add subscribers and grow its ad‑supported tier.
  • New businesses like ads, live events, and gaming expand long‑term growth potential
  • Importantly, TipRanks Technical Analysis tool rates NFLX as a Buy, signaling further upside.
Is Netflix Stock (NFLX) a Good Buy Now?

Netflix’s (NFLX) growth prospects remain strong as the company continues to add subscribers, expand its ad‑supported tier, and invest in global content. Its password-sharing crackdown has boosted paid memberships, margins are improving, and new revenue streams such as advertising, live events, and gaming give it more room to grow. According to TipRanks Technical Analysis tool, NFLX stock is a Buy, implying further upside from current levels.

Claim 30% Off TipRanks

Analyzing NFLX Stock’s Technical Indicators

According to TipRanks’ easy-to-understand technical analysis tool, NFLX stock is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is $91.52, while its price is $96.15, implying a bullish signal.

Further, the Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.

Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, an ROC above zero confirms an uptrend. Currently, Netflix’s ROC signals a Buy.

Is NFLX a Buy, Sell, or Hold?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on NFLX stock based on 30 Buys and 11 Holds assigned in the last three months. Further, the average Netflix price target of $113.97 per share implies 16.75% upside potential.

Disclaimer & DisclosureReport an Issue

1