Keepit easy: NETFLIX long goes to 1156USDNetflix uses jump massively amid account sharing ban
Sentiment is cautiously bullish into the next US CPI figure, due tomorrow, and the next FOMC decision due Wednesday.
Investors are flocking into call options because no one wants to miss a further rally in stock markets, but no one is sure that the rally will continue given the fact that the Fed has hiked rates at a record speed since last year, leading to the failure of a couple of US regional banks on the way.
Across the Atlantic Ocean, the European Central Bank (ECB) is expected to hike its interest rates by 25bp when it meets on Thursday, while the Bank of Japan (BoJ) is expected to keep its policy rate at the negative territory despite the rising inflation.
Netflix’s share price could benefit from a mild fall in the US economy. The logic is based on stay-at-home dynamics and fading competitors in tougher economic conditions
The risk to this outlook is that unnecessary subscriptions are one of the first expenses that consumers are likely to cut back on. Netflix fell significantly in 2021, but there has been a decent bounce recently.
Netflix Stock Forecast By Month
Year Mo Min Max Close Total%
2023 Jul 432 511 482 9.55%
2023 Aug 476 536 506 15.00%
2023 Sep 499 563 531 20.68%
2023 Oct 525 591 558 26.82%
2023 Nov 534 602 568 29.09%
2023 Dec 560 632 596 35.45%
2024 Jan 583 657 620 40.91%
2024 Feb 612 690 651 47.95%
2024 Mar 625 705 665 51.14%
2024 Apr 656 740 698 58.64%
2024 May 689 777 733 66.59%
2024 Jun 705 795 750 70.45%
2024 Jul 717 809 763 73.41%
2024 Aug 753 849 801 82.05%
2024 Sep 768 866 817 85.68%
2024 Oct 778 878 828 88.18%
2024 Nov 817 921 869 97.50%
2024 Dec 825 931 878 99.55%
2025 Jan 864 974 919 108.86%
2025 Feb 907 1023 965 119.32%
2025 Mar 914 1030 972 120.91%
2025 Apr 939 1059 999 127.05%
2025 May 986 1112 1049 138.41%
2025 Jun 1035 1167 1101 150.23%
2025 Jul 1087 1225 1156 162.73%