Reported about 1 month ago
Following better-than-expected third quarter earnings, Netflix shares surged, leading to significant updates from analysts on their price targets for the streaming giant. The company added about 5.1 million new subscribers, exceeding forecasts, while also reporting a profit of $5.40 per share and revenues of $9.83 billion. Analysts are optimistic about Netflix's future growth, particularly with its ad-supported subscriptions, although concerns linger over slowing subscriber growth in the U.S. Overall, Netflix's stock saw an impressive 11.1% increase in one day, reflecting heightening investor confidence.
Source: YAHOO