US Stock Market Move | Netflix (NFLX.US) rose over 3% in early trading; the market is optimistic about its upcoming earnings report.

On Thursday, Netflix (NFLX.US) rose over 3% in early trading and is now at $72.76. It is reported that Netflix will release its earnings report after the market close on October 20, U.S. Eastern Time. The market expects revenue of $12.878 billion, up 11.89% year over year; earnings per share of $0.823, up 40.15% year over year. Jefferies Financial Group Inc. maintained its "Buy" rating on Netflix with a target price of $85, 20% above the latest closing price. The firm believes that this streaming giant still has considerable room in monetization, margin expansion, and share buybacks, which can support continued earnings growth. Jefferies Financial Group Inc. expects Netflix's revenue to achieve 11% annual growth from 2026 to 2029. The momentum will come from subscriber growth, price increases, and the advertising business. The firm estimates that over the next three years, Netflix's average revenue per member will grow 6% annually. Advertising revenue is expected to climb from $3 billion in 2026 to $7.5 billion in 2029.