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Netflix Share Price

Netflix’s share price has risen because it’s no longer oversold

After a massive decline last year, Netflix’s share price has stabilised above $300. This is because of: General rebound in global equity markets – especially tech stocks because interest rate hikes are expected to slow down. Oversold rebound – having slumped 75% from its 2022 peak, investors decided that a punt is worth taking on

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Netflix Share Price

Netflix share price is neith overvalued or undervalued at the moment

The market is dominated by investor sentiment. Fundamentals only matter as long as the market decides that they matter. For example, many tech stocks were loss-making in 2021, yet their share prices rocketed to stratospheric levels. This year, investors decided that Netflix should be ‘cash flow positive’ and punished it for a loss in subscribers

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Netflix Share Price

Is Netflix (NASDAQ:NFLX) a good investment in the long term?

Online streaming powerhouse Netflix reports better-than-expected 2022 results Founder-CEO Reed Hastings is leaving the company Netflix stock rebounds but still trades significantly below its all-time highs Netflix (NASDAQ:NFLX) is a true disruptor in the entertainment and technology industry. It revolutionised how we watch movies forever. After g… To read this article, please register or sign

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