The Zhitong Finance App learned that on Thursday, Netflix (NFLX.US) rose more than 3% at the beginning of the session and is now at $72.76. According to reports, Netflix will release its earnings report after the market on October 20, EST. The market expects revenue of 12.888 billion US dollars, an increase of 11.89% over the previous year; earnings per share are 0.823 US dollars, an increase of 40.15% year on year. Jefferies maintains Netflix's “buy” rating, with a target price of $85, which is 20% higher than the latest closing price. The bank believes that the streaming giant still has plenty of room for monetization, profit margin expansion, and share buybacks, which can support continued profit growth.

The Zhitong Finance App learned that on Thursday, Netflix (NFLX.US) rose more than 3% at the beginning of the session and is now at $72.76. According to reports, Netflix will release its earnings report after the market on October 20, EST. The market expects revenue of 12.888 billion US dollars, an increase of 11.89% over the previous year; earnings per share are 0.823 US dollars, an increase of 40.15% year on year. Jefferies maintains Netflix's “buy” rating, with a target price of $85, which is 20% higher than the latest closing price. The bank believes that the streaming giant still has plenty of room for monetization, profit margin expansion, and share buybacks, which can support continued profit growth.