Investors Interested in NFLX Stock After Recent Earnings and Upgrades

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Investors Interested in NFLX Stock After Recent Earnings and Upgrades

Jul 20, 2022 - Jack Dalton

6:43 AM


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Image credit: Giordano Rossoni

New Analyst Price Target Set for the NFLX Stock

A Wedbush analyst just upgraded Netflix, inc. (NFLX) stock. The analyst envisions a potential 60.2% upside for NFLX shares. NFLX stock has jumped nearly 7.85%, just based off of this upgrade news.

Netflix, inc. (NASDAQ:NFLX) has faced a challenging market environment in 2022 so far. However, a fresh upgrade from one Wedbush analyst is spurring traders to send NFLX stock higher today.

Could analysts envision a 60.2% upside for the stock? Well, Wedbush analysts did just upgrade Netflix, inc. from “market perform” to “overweight.” In the world of finance, being “overweight” is great for one's financial health.

What does this Upgrade mean for NFLX Stock?

This upgrade couldn't have come at a better time for Netflix, inc. as its investors have endured recent hardships. NFLX stock has been heading toward a crash landing over the past year and has fallen from a 52-week high of $700.99 to a measly $201.63.

However, there is some good that has come from NFLX's poor recent performance. NFLX's recent adversity has resulted in a great opportunity for investors, as their financial ratios are more attractive now than they have previously been. These attractive ratios could have been an influencing factor in Wedbush's decision to upgrade its outlook on the NFLX stock.

Wedbush is foreseeing a “better risk/reward ratio” for the NFLX stock now than they have previously. With that being said, Wedbush raised their price target to $280, as they expect Netflix, inc.'s market share to continue increasing.

If Wedbush's predictions pan out it could mean more than just a 60.2% upside, as it could encourage further growth for the NFLX stock.

Effects of the Upgrade on NFLX's Social Sentiment

Here are the latest analytics from the NFLX Stocktwits and NFLX Twitter communities (over the last 24hrs):

  • 4,930 Posts (up 339.39%)
  • 5,353 Likes (up 246.02%)
  • 10.93M Impressions (up 465.05%)

  • 9,479 Tweets (up 299.96%)
  • 1.05M Likes (up 211.17%)
  • 226.66M Impressions (up 808.04%)

As we can see, the recent Wedbush analyst upgrade had a different effect on the social sentiment within both the NFLX Stocktwits and NFLX Twitter communities.

Stay Ahead of The Market By Tracking Real-Time NFLX Stock Trends

Firstly, the NFLX StockTwits is up over 200% across the board, which is fantastic for their sentiment. This is most likely due to a combination of their recent price action and their recent stock upgrades/price targets (from Wedbush among others). However, just to make sure of this, I will quickly use the Utradea Social Sentiment dashboard to track the NFLX Stocktwits conversations. It seems as though another reason for their large increase in social sentiment was due to them reporting their earnings (which is why there has been an increase in analyst ratings and price targets.

Secondly, the NFLX Twitter community is also experiencing a large uptick in their social sentiment and is based on the same news as previously mentioned.

Lastly, you may have noticed that the NFLX Twitter community is able to garner 20x the impressions than the NFLX Stocktwits community despite only having 2x more posts. This is due to the fact that there are more large Twitter accounts posting about the NFLX stock on Twitter than there are in the NFLX Stocktwits forum. We will explore this topic further in the next section.

NFLX Twitter Accounts that Influence Social Sentiment

Here is a count of “whale” accounts that are active on NFLX Twitter (over the past 72 hrs):

  • 1,255 somewhat large Twitter accounts 10,000+ followers,
  • 217 large Twitter accounts with 100k+ followers
  • 40 very large accounts with 500k+ followers

Overall, there is a ridiculously high amount of large Twitter accounts that have been Tweeting about the NFLX stock over the past 72 hours. These accounts are able to bring in a large number of impressions in just 1 tweet, and this is something that is not as easily replicable in the NFLX Stocktwits community. These large accounts are great for the NFLX stock as it brings their stock more awareness and name recognition.

Whether you are trying to stay up-to-date on posting volumes, likes, and/or impressions within a stock's Stocktwits and/or Twitter communities; diving deeper into the “whale” accounts that are driving sentiment in the NFLX Stocktwits and/or Twitter communities, or just keeping up with how different stocks are ranking in terms of their social sentiment; there is no better time to get familiar with social sentiment data.

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