"Netflix's shares are up about 42% year-to-date and more than 550% since April 2022, indicating significant appreciation for shareholders, leading to increased expectations."
"Wall Street expects Netflix to deliver revenue growth of about 16% and EPS growth of 45%, reflecting the company's operational efficiency and improved profitability."
Netflix's stock has seen impressive gains, up 42% year-to-date and over 550% since April 2022. Analysts anticipate a revenue growth of 16% and an impressive EPS increase of 45% for the quarter. The stock trades at approximately 50 times adjusted earnings for the year. A price target of $1,390 has been set by Bernstein, emphasizing optimism that Netflix could reach a trillion-dollar valuation, following the lead of other tech giants like Taiwan Semiconductor.
Read at 24/7 Wall St.
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