Netflix shares have surged significantly following its prolific
Q3 earnings that outpaced estimates. The impressive earnings also saw the company's
stock price achieve fresh record highs, with analysts revisiting their price targets. This rise has been attributed to increased levels of
engagement and the success of hit shows '
Nobody Wants This' and '
Emily in Paris'. Moreover, the planned discontinuation of quarterly subscriber reporting is not perturbing investors, as the focus shifts towards engagement. This has led to the stock being called a '
top pick' After the earnings report. Analysts are raising the price-targets with speculation that the stock could head towards $900 and eventually join the
$1 trillion club by 2035. Some investors are even considering it an affordable opportunity despite its high price, given the company's push for strong content and ad-supported tier. Its subscriber numbers growth is, however, slowing, but investors remain unbothered due to its soaring profit and stock price. It’s worth noting that alongside feats like the longest weekly win streak of 2024,
Netflix stock ended the Dow and S&P at fresh record highs. This remarkable market performance comes despite the platform grappling with challenges such as ensuring continuous user engagement and weathering potential price hikes.
Netflix Stocks News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 19 Oct 2024 15:48:08 GMT -
Rating 9
- Innovation 6
- Information 8
- Rumor -2
