• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed

RAYMOND JAMES LOWERS ITS PRICE TARGET ON NETFLIX; STOCK RISES - Capital Street FX

    • Home
    • Trade Ideas
    • RAYMOND JAMES LOWERS ITS PRICE TARGET ON NETFLIX; STOCK RISES
14-Oct
20:03 IST

Netflix’s stock is currently trading at 283.02-higher by 0.03% as compared to the previous closing price. In the pre-market trading session, the stock was trading higher by 0.18%. The stock has pared some of its earlier gains after the opening bell.

Investment bank Raymond James lowered its price target on the media-services provider’s stocks to $415 from $450. The investment bank, however, reiterated a strong buy rating on stocks of Netflix. Raymond James cuts the price target of the company citing a lower subscription outlook and noise from competitor launches.

The investment bank also lowered it’s third and fourth-quarter revenue and EPS estimates by 1%. Raymond James sees stocks of Netflix to recover in November as investors get more comfortable with competition. Netflix’s stocks rose 4.8% on Friday amid a broad-market rally. Stocks of the media-services company have fallen around 24% over the past three months through Friday.

On the technical front, the RSI is currently at 53.47% and suggests that the market can continue trading sideways. The current price is above the MA5. The %K has crossed the %D from below to the upside at around 13% and suggests that the market can move in the upward direction.

 

TRADE SUGGESTION- LIMIT BUY AT 282.20 TAKE PROFIT AT 285.00 STOP LOSS AT 280.80

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Hi Please share contact detail & write any comments below, our team will try to call soon.