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Recently, analysts have become even more bullish on Netflix after its impressive earnings beat for the third quarter. Shares surged over 6% in premarket trading following the release of the company’s results. With earnings coming in at $5.40 per share and revenue at $9.83 billion, Netflix exceeded Wall Street’s expectations. The addition of 5.1 million subscribers in the quarter also surpassed the Street’s estimate, bringing its total subscriber count to 282.7 million.
At Extreme Investor Network, we believe that Netflix’s global scale, strong engagement, and diversified content will propel it to become the default choice for how users consume TV, film, and other long-form content. Analysts like Doug Anmuth from JPMorgan and Benjamin Swinburne from Morgan Stanley have reiterated their overweight ratings on the stock, with price targets reflecting potential upside of over 20%.
Other firms such as Pivotal Research, Bernstein, Bank of America, and UBS have also shared their insights on Netflix, highlighting the company’s massive scale, growth drivers, and sustained revenue growth. With promising developments like the expansion of its ad business, forays into gaming and live content, and strong subscriber results, Netflix is poised to remain a dominant player in the streaming space.
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