Netflix shares jumped in extended trading Tuesday after the streaming giant reported better-than-expected fourth-quarter results and lifted its 2025 revenue outlook. The stock soared 14% to nearly $995, gaining 80% over the past 12 months.
The company added 19 million net new subscribers in the fourth quarter, taking its membership tally to over 300 million. Investors cheered the streamer’s decision to raise subscription prices in the U.S., Canada, Portugal, and Argentina.
A key support level to watch is around $930, as this area could attract strong buying interest near a range of narrow consolidation that formed on the chart just below Netflix’s all-time high. A close below this level opens the door for a more significant decline to around $824.
Technical analysis suggests that a new uptrend may play out until late May if price action rhymes with last year’s move higher. Bars pattern analysis forecasts a potential upside target of around $1,285.
Source: https://www.investopedia.com/watch-these-netflix-price-levels-as-stock-soars-after-strong-q4-earnings-8778249