US Stock Market Movement | Netflix (NFLX.US) rises more than 3% at the opening, market is optimistic about upcoming earnings report

Zhitong Finance APP reports that on Thursday, Netflix (NFLX.US) rose more than 3% at the start of trading, currently quoted at $72.76. It is reported that Netflix will release its financial results after the market closes on October 20, Eastern Time. The market expects revenue of $12.878 billion, an increase of 11.89% year-on-year; earnings per share of $0.823, an increase of 40.15% year-on-year. Jefferies has maintained a "Buy" rating on Netflix with a target price of $85, which is 20% higher than the latest closing price. The bank believes that this streaming giant still has considerable room for monetization, margin expansion, and share buybacks, which can support sustained profit growth.