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Netflix Stock Slides Despite Upbeat Quarterly Results
Schaeffers Investment Research· 2025-07-18 22:36
The shares of Netflix Inc (NASDAQ:NFLX) are down 4.5% to trade at $1,217.08 at last check, despite the streaming giant reporting a 46% profit increase for the second quarter and a 16% revenue jump. The company also hiked its full-year revenue outlook, with top- and bottom-line results surpassing estimates.The security is also brushing off no fewer than 15 price-target hikes, including one from Wells Fargo to $1,560 from $1,500. The majority of analysts already lean bullish toward NFLX, with 30 of the 45 in ...