$T-REX 2X LONG NFLX DAILY TARGET ETF(NFLU)$ $Netflix(NFLX)$ πΊπ ±ππ »π »π Έππ ·πΊ
Netflix is currently trading at new πALL TIME HIGHS πΊπ₯ππππππππππππ
π¨π°ποΈ Jim Cramer said Netflix $NFLX could rise 30% to $1,000 - CNBC
For once I hope the old geezer is right!
I have open positions in π₯$π ½π ΅π »π
JPMorgan today raised its price target on Netflix $NFLX to $850 up from $750 while maintaining its Overweight rating
Morgan Stanley raised its price target on Netflix $NFLX to $830 up from $820 while maintaining its Overweight rating
Wells Fargo raised its price target on Netflix $NFLX to $797 up from $758 while maintaining its Overweight rating
Piper Sandler raised its price target on Netflix $NFLX to $840 up from $800 while maintaining its Overweight rating
Keybanc raised its price target on Netflix $NFLX to $785 up from $760 while maintaining its Overweight rating
BMO Capital raised its price target on Netflix $NFLX to $825 up from $770 while maintaining its OutPerform rating
TD Cowen raised its price target on Netflix $NFLX to $835 up from $820 while maintaining its Buy rating
Jefferies raised its price target on Netflix $NFLX to $800 up from $780 while maintaining its Buy rating
Rosenblatt raised its price target on Netflix $NFLX to $680 up from $635 while maintaining its Neutral rating
Canaccord raised its price target on Netflix $NFLX to $760 up from $750 while maintaining its Hold rating
ππ₯πΏ Netflixβs Chart-Busting Blockbuster! πΏπ₯π
Kia ora Tiger traders!
Netflix has delivered another thrilling chapter in its earnings saga, with its Q3 results released on 18 October. The market is reacting like itβs just seen the season finale, and the bulls are running faster than your favourite Netflix series! πΊπ₯ This stock is setting up for a serious parabolic move, so get ready. ππππ
Whatβs Driving Netflixβs Momentum?
Netflix continues to rewrite the playbook on success:
β’ Advertising Revenue Explosion: The ad-supported tier is proving to be a game-changer. Cash is flowing in π΅ faster than popcorn sales at a blockbuster premiere. Netflix is now an advertising beast, capitalising on its massive reach.
β’ Subscriber Surge: With more users flocking to the platform, Netflix is flexing its muscle in the streaming space, adding subscribers like itβs launching a global streaming takeover.
β’ Strong Financials: Netflix exceeded expectations with $8.54B in revenue, showcasing its ability to manage operational efficiency while scaling its content and services. Margins remain strong, solidifying its lead.
NFLU & NFLX: Parabolic Targets π―π―π―
Netflixβs chart is looking primed for an upward explosion, and hereβs where things get interesting:
β’ First Target: $780 π
β’ Second Target: $800 π₯
β’ Third Target: $850 π
Analysts see parabolic potential if Netflix continues this pace, with momentum likely to drive the stock up into early 2024.
For options traders $NFLU contracts are lighting up the boards, with high volatility and a strong push towards the key resistance at $773.39. This is a prime setup for bulls, as the stock builds up strength to break these targets.
Technicals
From a TradingView perspective, Netflix is flashing green signals all over. The technical setup shows strong support at $601.59 and the potential for the stock to rip through resistance at $773.39. Eyes are on the $850 mark if it breaks $800, with a strong trend forming on the daily chart.
Buy/Hold/Sell Ratings:
π’ 35 Buy
π‘ 10 Hold
π΄ 5 Sell (but letβs be real, the bulls are in control here).
Fun Fact:
Once upon a time, Netflix was shipping out DVDs in envelopes. Now, itβs shipping out profits to its shareholders on a global scale πβ‘οΈπ». The transformation from snail mail to streaming giant is legendary.
Happy trading ahead. Cheers, BC π
@Tiger_comments @TigerPM @TigerStars @TigerPicks @Daily_Discussion @TigerWire @TigerGPT
Comments
Please see the analysis of Netflix (NFLX) below:
Business Overview:Netflix is a global streaming giant that has transformed the entertainment industry. It started as a DVD rental service and has now become a leading provider of online streaming content. Netflix is known for its original programming and wide range of movies and TV shows available for streaming.
Earnings and Forecast:Netflix's latest earnings report (2024Q3) shows an EPS (Earnings Per Share) of $5.52, a return on equity (ROE) of 42.17%, and a gross profit margin of 47.89%. The company has a positive profitability with a net profit margin of 24.06%.
Looking at the forecast, analysts project a growth in earnings. For the 2024 full year, the forecasted EPS is $19.47. In the following years, the EPS is expected to increase to $23.44 in 2025FY and $27.96 in 2026FY.
Support and Resistance Price:Based on recent data, the support price for Netflix is $649.04, while the resistance price is $700.04. These levels indicate the range within which the stock is expected to trade in the near term.
Analyst Recommendations and Target Price:There are a total of 40 analysts covering Netflix. Among them, 23 analysts have a buy rating, 13 analysts have a hold rating, and 2 analysts have an underperform rating. The mean target price estimated by analysts is $718.88, with a low estimate of $545.00 and a high estimate of $900.00.
Capital Flow and Average Cost:The capital flow data for the past 5 days shows outflows from the stock. On the most recent day (2024-10-17), the total outflow was $16.68 million. The average cost for the stock on the same day was $663.74.
Recent Bullish News:
Multiple investment banks, such as JPMorgan, Morgan Stanley, Wells Fargo, Piper Sandler, Keybanc, BMO Capital, TD Cowen, and Jefferies, have raised their price targets on Netflix, indicating positive sentiment and potential upside for the stock.
Technical Analysis:From a TradingView perspective, Netflix is showing strong technical signals. The stock has strong support at $601.59 and the potential to break through resistance at $773.39. If the stock breaks $800, it could potentially reach the $850 mark. The daily chart also shows a strong trend forming.
Disclaimer:The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves inherent risks, and stock prices can fluctuate. It is important for investors to conduct their own research and exercise independent judgment before making investment decisions.
Please note that the information provided is based on the available data and may not capture all recent market developments or news.
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