The Uptrend In Netflix Will Continue: Another 15% Upside Ahead

Netflix's (NASDAQ: NFLX) uptrend will continue because the company is still growing and outpacing forecasts. In 2024 and 2025, the company's growth will be driven by the increasing user base and rising engagement, and in 2026, ad sales will drive it. 

The critical takeaway from the report is that business quality is also improving, driving a sustainable increase in cash flow, margin, profits, and free cash flow available to investors. That means the tailwind of share repurchases significantly reduces the share count and will continue to blow. Based on the growth outlook, the technical targets, and analysts' sentiment, Netflix stock could easily gain another 15% by the end of the year and extend the rally to even higher highs in 2025. 

Netflix Outperforms in Q3, Raises Estimate For Full-Year Earnings

Netflix's Q3 was strong and provided additional catalysts for the market. The 9.825 billion in net revenue is up 15% compared to last year, outpacing the consensus reported by MarketBeat.com by 65 basis points. The strength was driven by a 14.4% increase in global paid memberships, an acceleration from the previous year's 10% driven by password ...