Shares of Netflix Inc., an American entertainment company, as well as a streaming service for movies and TV series, are moving at around 291.00.
Analysts of the largest financial conglomerate in the USA, Bank of America Corp. raised the forecast price of the issuer's shares to 370.0 dollars and noted the company's retention of leading positions in the direction of broadcasting non-linear video. Netflix Inc.'s attempts to get the rights to online broadcasts of sports competitions, where it will have to compete with such market giants as Amazon Prime, Apple TV+ and Comcast's Peacock, were also highly appreciated, but despite this, last month the company already applied for the rights to show tennis competitions and cycling.
According to the latest quarterly report, the issuer's revenue was fixed at 7.93B dollars, which exceeded the 7.84B dollars expected by analysts and slightly lost to 7.97B dollars a quarter earlier. Earnings per share amounted to 3.1 dollars with a forecast of 2.14 dollars.
On the daily chart, stock quotes are trading within the ascending corridor, approaching the resistance line.
Technical indicators, despite frequent corrective fluctuations, still hold a stable buy signal: the fast EMAs of the alligator indicator are above the signal line, and the histogram of the AO oscillator, holding in the buy zone, forms multidirectional bars.
Support levels: 255.00, 211.00. | Resistance levels: 310.00, 360.00.