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How Disney's Video Streaming Services Could Affect Media Sector

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Part 12
How Disney's Video Streaming Services Could Affect Media Sector PART 12 OF 13

How Analysts View Netflix after Disney’s Streaming Announcement

Netflix’s stock price movement

Netflix’s (NFLX) stock price closed at $171.40 on August 11. Netflix’s stock price has fallen 5.5% since August 8, the day the Walt Disney Company (DIS) announced its SVOD (subscription video on demand) services. Netflix’s stock price has gone up by 11.1% in the past one month and by 38.5% year-to-date.

In contrast, 21st Century Fox (FOXA), Time Warner (TWX), and CBS (CBS) have seen their stock prices rise 0.6%, 5.6%, and 4.8%, year-to-date, respectively. Netflix is currently trading above its 100-day and 50-day moving averages. The stock is currently trading 8.5% above its 100-day moving average of $158.00 and ~4% above its 50-day moving average of $165.00. Netflix’s stock is currently trading at a 4.7% discount to its 20-day moving average of $180.

How Analysts View Netflix after Disney’s Streaming Announcement

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Analysts’ recommendations for Netflix

Currently, 41 analysts are covering the stock. Out of 41 analysts, 25 analysts have rated the stock a “buy,” and two analysts have rated the stock a “sell.” There are currently 14 analysts who have rated the stock a “hold.”

Analysts have set a target price of $185.56 for the stock and a consensus median target price estimate of $196.00 for the stock. Netflix is currently trading at a discount of 12.5% to its consensus median target price.

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