Netflix (NFLX) Shares Among the Biggest Losers in the US Stock Market

According to market charts:
→ Netflix (NFLX) shares fell by approximately 8.5% during yesterday’s trading session, indicating that bulls failed to sustain the price above the psychological $1,000 per share level.
→ The S&P 500 index (US SPX 500 mini on FXOpen) hit a new low for 2025, closing down around 1.3%.

These declines reflect bearish sentiment in the US stock market, which may be driven by:

→ Uncertainty over Trump’s trade tariff policies. Yesterday, the White House postponed the introduction of tariffs on trade with Canada and Mexico for a second time, now pushing the deadline to early April.
→ Anxiety ahead of the Non-Farm Employment Change report release (scheduled for today at 16:30 GMT+3), as recession fears continue to mount.

Selling pressure was particularly strong in Netflix (NFLX) shares, as analysts (according to media reports) issued a cautious outlook on subscriber growth for the streaming giant. This may stem from concerns that the company's low-cost, ad-supported subscription model is losing its initial positive impact.

Technical Analysis of Netflix (NFLX) Stock Chart

Price movements in 2025 have formed an upward channel (marked in blue), which remains intact for now.

The $955 level, which previously acted as support, may now serve as resistance. If bearish sentiment persists, the price could continue its downward trajectory. However, bulls may find hope in key support areas, including:

→ The lower boundary of the current price channel.
→ The $870 level, which marks the lower limit of a broad bullish gap formed after a strong quarterly earnings report (as we noted on 23 January). This level has also acted as a key reversal point multiple times.

Analysts’ Forecasts for Netflix (NFLX) Stock

Overall, analysts remain optimistic. According to TipRanks:
→ The average 12-month price target for NFLX is $1,100.
→ 29 out of 37 analysts recommend buying NFLX shares.

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