NFLX Stock Forecast: 34.39% Gain Since Jan. 7th

Netflix, Inc. (NFLX) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on January 7th for the 3-month time horizon. Netflix had a signal of 50.16 and a predictability of 0.46. In accordance with the algorithm, the company reported short-term capital gains of 34.39%.

NFLX was part of the stock forecast that can be found in the “Best Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • Top ten stocks picks to long
  • Top ten stocks picks to short

nflx stock forecast


Netflix, Inc. operates as an Internet television network, is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company also provides DVDs-by-mail membership services. As of May 21, 2014, it had approximately 48 million customers in approximately 40 countries. The company was founded in 1997 and is headquartered in Los Gatos, California.

Netflix’s stock price surged after its most recent earnings report was released on January 20th. One of the key announcements made was that the company planned to profitably reach all 200 countries that have broadband service within the next two years. Consumers had been concerned about the large amount of spending the company had been making on international expansion and content costs, but those now appear to be paying off.

Netflix will next expand into New Zealand and Australia after launching in European countries such as Germany and France last year. The company has not specifically announced any further plans, but will be everywhere except for North Korea, where they are blocked by US law. Netflix will have 320 hours of original programming in 2015, three times the amount it did the previous year, including the new season of House of Cards and Tina Fey’s The Unbreakable Kimmy Schmidt.