{"id":460980,"date":"2022-06-10T22:50:13","date_gmt":"2022-06-10T19:50:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/netflix-shares-slide-after-goldman-sachs-streaming-downgrade\/"},"modified":"2022-06-10T22:50:13","modified_gmt":"2022-06-10T19:50:13","slug":"netflix-shares-slide-after-goldman-sachs-streaming-downgrade","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/netflix-shares-slide-after-goldman-sachs-streaming-downgrade\/","title":{"rendered":"#Netflix\u00a0shares slide after Goldman Sachs&#8217; streaming downgrade"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cb04665d7f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cb04665d7f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/netflix-shares-slide-after-goldman-sachs-streaming-downgrade\/#%E2%80%9CNetflix_shares_slide_after_Goldman_Sachs_streaming_downgrade%E2%80%9D\" >&#8220;Netflix\u00a0shares slide after Goldman Sachs&#8217; streaming downgrade&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CNetflix_shares_slide_after_Goldman_Sachs_streaming_downgrade%E2%80%9D\"><\/span>&#8220;Netflix\u00a0shares slide after Goldman Sachs&#8217; streaming downgrade&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/NETFLIX-STOCK1.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Netflix\u00a0shares fell 5% on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney.<\/p>\n<p>In April,\u00a0Netflix\u00a0lost subscribers for the first time in more than a decade, signaling trouble ahead for the industry as rising prices of food and gas left people with little to spend on entertainment.\u00a0<\/p>\n<p>Suspending its services in Russia after the Ukraine invasion also took a toll on\u00a0Netflix.<\/p>\n<p>Goldman downgraded the stock to \u201csell\u201d from \u201cneutral\u201d and slashed its price target to $186 from $265, the lowest PT among analysts covering the stock, according to data from Refinitiv.<\/p>\n<p>The brokerage also lowered its ratings on e-commerce platform eBay\u00a0and online gaming firm Roblox\u00a0to \u201csell\u201d from \u201cneutral.\u201d Roblox and eBay shares fell nearly 4% in afternoon trading.<\/p>\n<p>Netflix\u00a0is now a \u201cshow-me story,\u201d Goldman said, as it cut revenue estimates for 2022-2023.<\/p>\n<p>That sent\u00a0Netflix\u00a0shares down 4.6% at $184.06 in midday trading on Friday, adding on to this year\u2019s 68% slump.<\/p>\n<aside class=\"single__inline-module alignleft\">\n    <\/aside>\n<p>\u201cThe cost of living crisis will have a major impact on all streaming services. Let\u2019s not forget the market is now awash with too many streaming <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> services chasing too few services,\u201d said Paolo Pescatore, an analyst at PP Foresight.<\/p>\n<p>\u201cExpect some to pivot more towards a yearly discounted bundle to entice users and increase loyalty.\u201d<\/p>\n<p>Netflix\u00a0is already considering a cheaper sub<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ion that includes advertising, following the success of similar offerings from rivals HBO Max and Disney+.<\/p>\n<p>The median price target of the 48 analysts covering the\u00a0Netflix\u00a0stock is at $297.50, down from $502.50 in March.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/10\/netflix-shares-slide-after-goldman-sachs-grim-streaming-outlook\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Netflix\u00a0shares slide after Goldman Sachs&#8217; streaming downgrade&#8221; Netflix\u00a0shares fell 5% on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney. In April,\u00a0Netflix\u00a0lost subscribers for the first time in more than a decade, signaling trouble ahead for the industry as rising prices of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/NETFLIX-STOCK1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130176,1377,70359,1372,70360],"class_list":["post-460980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-10-22","tag-netflix","tag-stocks","tag-streaming","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=460980"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460981"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}