I'm calling Netflix for a solid green close on Monday, projecting a 5-10% pop. The recent earnings beat and Morgan Stanley's 'Top Pick' designation should outweigh concerns about rising content costs and ad sentiment. With a strong technical setup and bullish sentiment, I'm confident NFLX will ride the wave of positivity, pushing shares up towards $1,030-$1,070.
Movie Industry Hit Hard: Is Netflix Still a Buy With Tariff Concern?
Netflix stock fell 4% to $1,113 at market open Monday, which would have been its worst loss in more than a month.
President Donald Trump’s announced he’d slap a high penalty on films produced abroad. The streaming service had previously been hailed by Wall Street as a “predictable” stock amid Trump's unpredictable tariffs.
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