Netflix stock crashes after Elon Musks cancells his subsciption

Core Insights - Elon Musk's cancellation of his Netflix subscription has sparked a trend on social media, leading many followers to also abandon the platform [1][2] - Musk's influence has negatively impacted Netflix's stock, which dropped over 1% in pre-market trading following his comments [2] - The long-term effects of Musk's actions on Netflix's stock performance remain uncertain [3] Stock Performance and Analyst Ratings - Netflix shares fell 0.62% on September 30, with Goldman Sachs reducing its price target from $1,310 to $1,300 while maintaining a "Neutral" rating [4] - Bernstein reaffirmed an "Outperform" rating with a price target of $1,390, citing strong fundamentals and a 70% gain over the past year [4] - As of October 1, the average price target for Netflix stock is $1,398.45, indicating a potential upside of 16.64% from current levels based on 37 ratings [5] Future Outlook - Goldman Sachs anticipates Netflix will perform well due to a strong content slate in 2025 [6] - Ongoing discussions among investors focus on pricing strategies, ad tier expansions, and Netflix's competitive position against rivals [9] - There are mixed opinions regarding Netflix's potential acquisition of Warner Bros. Discovery, with some analysts questioning its strategic value [9]