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These Analysts Boost Their Forecasts On Netflix Following Better-Than-Expected Q2 Results

1. Netflix's Q2 revenue reached $11.08 billion, up 16% year-over-year. 2. Q2 earnings per share stood at $7.19, exceeding estimates. 3. Third-quarter revenue guidance raised to $11.526 billion, up 17% year-over-year. 4. Full-year revenue outlook adjusted to $44.8-$45.2 billion from $43.5-$44.5 billion. 5. Analysts maintain 'Overweight' ratings and revise price targets up to $1,500.

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FAQ

Why Bullish?

Solid earnings and optimistic guidance often lead to positive price movements. For instance, after similarly positive reports in past quarters, NFLX shares had strong upward momentum.

How important is it?

Analysts' upgrades and guidance suggest strong business health, making this a highly impactful article.

Why Short Term?

Analysts' revisions typically have immediate effects, evidenced by daily stock price adjustments. The earnings announcement should influence market sentiment in the coming weeks.

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