Weekly Recap | Netflix -6.64%, ad revenue outlook trimmed
Weekly Review·
- Netflix experienced a cumulative weekly decline of 6.64 % to close at 65.85 USD, significantly underperforming the S & P 500 index.
- The downturn was primarily triggered by the Q3 financial report and a downward revision of the 2026 advertising revenue forecast to 2.7 billion USD.
- Despite the drop and subsequent analyst rating adjustments, the consensus rating among 53 institutions remained a buy with an average target price of 84.83 USD.