![]() Wall Street: who is more bullish on NFLX?Īs it turns out, AI-driven algorithms aren’t the only ones bullish on Netflix. While the long-term prospects appear strong for the company, at least judging from the algorithm, the current market sentiment, according to the “Fear & Greed Index,” is “Fear,” and investors are – for the time being – neutral on the stock. Plotting the entire year, the algorithm sees Netflix rallying somewhat in the coming 30 days before turning slightly downward – especially between June and October. What is even more surprising is that the AI estimates that the bulk of this rally will happen in a relatively short time frame – in the final three months of the year. This constitutes a staggering upside of 155.49%. The platform forecasts that the shares of the entertainment company will rise as high as $1,222.82 by December 31, 2024. The machine learning algorithms of CoinCodex are, perhaps surprisingly, highly bullish on Netflix’s prospects. With this in mind, Finbold decided to consult the AI-driven predictive algorithms of CoinCodex and see where NFLX might find itself at the tail-end of 2024. Source: Finboldĭespite the uptrend, the future of Netflix remains relatively uncertain – particularly in the face of stiffening competition, which has, in many ways, diminished the value offered by each individual streaming platform. Finally, while being in the green overall, NFLX shares have been rather choppy over the last 30 days as they only had 12 positive days – 40% of the month.
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