Hen Solo
03-30

$Netflix(NFLX)$ 

I think there is room to run with Netflix, they are in a strong position.

The stock fell on the last trading day (Thursday 28 March 2024) with fluctuations for the past couple of weeks. The stock is testing the current support level. If I could afford the stock I would look at buying around $590.

The market sees a lot more momentum when it comes to adding subscribers,

With the new initiatives in place; the password sharing crackdown and the advertising tear, consensus expects 20-23 million new subscribers this year.

The company's earnings report is set to go public on April 18, 2024. It is anticipated that the company will report an EPS of $4.49, marking a 55.9% rise compared to the same quarter of the previous year. Estimates suggest analysts are expecting earnings of $17.01 per share and revenue of $38.63 billion. These totals would mark changes of +41.4% and +14.54%, respectively, from last year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance.

Bullish sentiment...

Netflix Beats Again! Still Good Chance to Add at $700?
Netflix released a strong third-quarter earnings report, with revenue and profits exceeding expectations, and a significant increase in operating profit margin. However, user growth in the U.S. and Canadian markets was below expectations. The stock surged 6% in after-hours trading. It hits an all-time-high of $736 last Friday. ------------ Can Netflix break the resistance level? The next price target is $750 or $800?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
2
16