Could Netflix's stock bounce back this month?

We have now entered the last month of the third quarter and a lot of looks are turning to Netflix (NFLX). The company's performance during the quarter could determine investors' prospects for the stock. In the second quarter, Netflix disappointed them for having missed its own targets for adding Wall Street subscribers. The stock has been under pressure since.

Netflix stock is the lowest in the FAANG group

Netflix was the weakest FAANG share last month. While Netflix shares fell more than 9.0% in August, Amazon, Facebook, Apple and Alphabet dropped 4.85%, 4.41%, 2.02% and 2.27%, respectively.

To attract more subscribers, stand out from the competition and hopefully revive the interest of investors for its action, Netflix publishes new content. According to BGR, the company has scheduled 41 new films and films for their release this month. He released 56 originals in August and 44 originals in July.

Netflix aims to add 7.0 million new subscribers this quarter to reach 159 million subscribers, with 800,000 additions to the US and 6.2 million in international markets. The company finished the second quarter with about 152 million subscribers worldwide.

Netflix will face more competition in the fourth quarter

Walt Disney (DIS) and Apple plan to launch their own subscription video services in the fourth quarter. Given that these services could represent stiff competition for Netflix, this quarter could be the best chance for the company to give hope to its investors.

While Netflix is ​​already well ahead in terms of the number of subscribers, Disney and Apple seem to aim to reduce Netflix prices by competitive prices. Disney +, Disney's Netflix competitor, is expected to be launched on November 12 at $ 6.99 per month. Plus, Disney recently allowed Americans to pre-order Disney + for under $ 4 a month. According to Bloomberg, Apple plans to charge $ 9.99 a month for the launch of its Apple TV + video video service this fall. This price could make the Apple TV + competitive with the cost of the standard Netflix package of $ 12.99.