Changes in US stocks | Netflix (NFLX.US) rose more than 3% at the beginning of the session, and the market is optimistic about upcoming financial reports

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.

Jefferies expects Netflix's revenue to grow 11% per year from 2026 to 2029. The impetus comes from subscriber growth, price increases, and advertising business. The bank estimates that the average revenue per Netflix member will increase by 6% per year for the next three years. Ad revenue is expected to rise from $3 billion in 2026 to $7.5 billion in 2029.