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Breaking Bad Movie El Camino Earns Rave Reviews; Will it Boost Netflix Stock ?, Crypto Coins News

Breaking Bad Movie El Camino Earns Rave Reviews; Will it Boost Netflix Stock ?, Crypto Coins News


Early reviews of Netflix’s (NYSE: NFLX)Breaking Badmovie,El Camino, indicate that the Vince Gilligan flick is a hit.

On the Amazon-owned Internet Movie Database (IMDb) theBreaking Badspinoff movie (received a near-perfect score of 9.3out of 10. Out of the nearly 4, 000 reviewers, (% gave it the maximum score.)

El Camino: Breaking Bad Movie ratings on IMDb

El Camino: The verdict is in

On social media, the reaction was largely glowing.

Some fans credited the creator of theBreaking BadTV show Vince Gilligan for writing an ‘incredible story’. Aaron Paul, who stars as Jesse Pinkman inEl Camino, was also applauded for his performances.

Not everyone was thrilled though with some criticizing the screenplay.

Will theBreaking Badmovie help Netflix?

In pre-market hours Netflixstock had appreciated by 1. 61%. This was after rising by nearly 5% in Thursday’s trading.

Netflix price chart | Source: Yahoo Finance

Netflix’s stock price is highly correlated to the streaming giant’s subscriber growth. In the most recent quarter, thestock lost over 10 percentage pointsafter subscriber numbers in the US declined by more than 100, 000.

Previously, Netflix has credited subscriber growth to original content including movies. For instance, Netflix indicated that the addition of nearly 9 million new members in the last quarter of 2018 was partlydriven by theBird Boxmovieand other shows. WithBreaking Badalready having cultivated a loyal fan base, the spinoff movie could similarly work the magic.

Has Wall Street given up Netflix?

This year the stock has only appreciated by less than a percentage point. As evidence of investor disappointment, CNBC’sJim Cramer recently called for the deletion of Netflix from the FAANGbasket of tech stocks.

Despite theentrance of new competitors such as Disney and Apple TV , Wall Street is surprisingly bullish. Ahead of Netflix ahead of the 3rdquarter earnings report on October 16th, Goldman Sachs has maintained a buy rating. However, the Wall Street firmreduced Netflix’s price targetfrom $ 420 to $ 360. That would mark an upside of nearly 30% from the current prices. UBS also maintained a buy rating on the stock. And like its bigger Wall Street rival, it also slashed the price target from $ 420 to $ 370.

A more ambitious price target was put out by Piper Jaffray. The firm has cited a ‘more engaging content slate’ for its$ (price target) in the long-term. If user reviews ofEl Caminoare anything to go by, Netflix is ​​already succeeding on this front.sa

This article was edited bySamburaj Das.

Last modified (UTC): October 11, 2019 : 34

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