πππNetflix
$Netflix(NFLX)$ did better than Analysts' expectations as its Q1 25 revenue grew 13%. Netflix said that higher than expected revenue was due to higher than forecasted subscriptions and advertising dollars.
This is the 1st time Netflix did not disclose its quarterly subscriber data. It shifts its strategy to focus on revenue & other financial metrics as performance indicators.
Wall Street Analysts are bullish on Netflix with a Buy rating, Average Target price of USD 1,110.00, an upside potential of 14%.
I believe that the investors are upbeat on Netflix and that it will continue its upward momentum next week to close at around USD 990.00 after the Easter holidays.
I will be watching closely to see if it will reach the USD 1000 mark. Netflix has a wide moat and is a dominant leader in its sector even though it faces tough competition.
Netflix is also a potential candidate for a stock split.
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