Positive

From Nasdaq: 2024-10-18 10:09:00

Netflix continues to outperform with a strong Q3, boasting a 15% increase in net revenue and a 14.4% growth in global paid memberships. The company’s ad business is also growing, fueling a significant portion of sign-ups. Improved margins and solid guidance lead to a potential 15% upside for the stock, with analysts issuing positive revisions and price targets extending above $800.

Netflix’s strong Q3 performance has led to a surge in stock price, hitting an all-time high and confirming support at key levels. The uptrend is expected to continue, with a potential target of $825 based on technical analysis. Positive analyst sentiment and a solid financial outlook pave the way for further gains in the stock price.



Read more at Nasdaq:: The Uptrend in Netflix Will Continue: Another 15% Upside Ahead