Analysts are largely sticking by Netflix, telling clients to buy the dip after after the streaming platform's latest results sent the stock lower.
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Frank Cappelleri breaks down the technical outlook on Netflix after the company's Wednesday drop.
After this week's post-earnings selloff, shares of Netflix fell below their 200-day moving average, a key technical indicator.
Josh and Sean give the set-up on Netflix ahead of earnings, which are often a volatile time for the stock.
While analysts maintained their long-term bullish stance on Netflix, many also cut their price targets for the streamer.
The stock is up a mere 2.8% over the past three months, while the S&P 500 is up 7% in that time.
Wall Street analysts remained largely split between adopting a neutral or optimistic stance on Netflix going forward.
