Earnings Report Preview | Analysts are optimistic about Netflix's Q4 advertising subscriptions boosting growth, target price raised to $950
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Netflix will announce its Q4 earnings after the market closes on Tuesday, and analysts are generally optimistic, with all 14 brokerages giving a "buy" rating. Wedbush Securities raised its target price to $950, believing that the ad-supported subscription plan will drive revenue growth. Wall Street expects Netflix's revenue to grow 15% year-over-year to $10.13 billion, with profits rising to $1.84 billion and earnings per share of $4.23. The closing price last Friday was $858, up about 78% over the past 12 months
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