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...
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