Riska
When I last wrote about the streaming services giant. Netflix, Inc. (NASDAQ:NFLX), it was already clear that there was an upside to the stock after it rose by 46% in 2023. This played out. Year-to-date, the stock is already up by
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Netflix: Q3 Results Can Affirm Price Gains Going Forward
Summary
- Streaming services giant Netflix, Inc., has seen a robust 46% rise in its stock in 2023, and it's unlikely to be done yet.
- The upcoming Q3 2024 results can affirm that there's more upside to Netflix stock, with expectations of double-digit revenue growth, operating margin expansion and robust EPS increase.
- The stock's forward P/E still looks attractive too, and with further EPS increases seen in 2025, NFLX's prospects are positive.
Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants, takes the theme a step further from LTT with a deeper dive into opportunities presented by the segment.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NFLX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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