Are the tides finally turning for Netflix (NFLX)? To give a little background, Netflix got a significant boost from the COVID-induced stay-at-home mandates, which led to a surge in its paid subscriber base. However, the pull-forward volumes, easing of lockdown measures, and increased competition is taking a toll on its subscriber growth rate.  Although Netflix stock traded sideways for more than 12 months, it has started to gain momentum ahead of its Q3 earnings announcement on October 19, appreciating significantly in only a few months. Additionally, investors’ sentiment has improved on Netflix.  TipRanks’ Stock Investors tool indicates that investors who hold portfolios on TipRanks maintain a Very Positive outlook on Netflix stock, with 0.
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Netflix (NASDAQ:NFLX)
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Netflix (NASDAQ:NFLX)
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From Dec 2020 to Dec 2021 Click Here for more Netflix Charts.