Netflix rally in 2022 hinges on finding next ‘Squid Game’ – The Peninsula Qatar

Netflix rally in 2022 hinges on finding next ‘Squid Game’ – The Peninsula Qatar

Fast-growing technology stocks have taken a beating in recent weeks -- and Netflix Inc. is no exception.

The 12-month average analyst price target comes in at $683, which implies an 11% gain from Wednesday’s closing price of $614.24. That’s less than the 27% increase analysts project for streaming rival Walt Disney Co., but it would extend Netflix’s streak of double-digit annual gains. Netflix shares rose 1.5% on Wednesday.