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Key Points
The Nasdaq Composite (NASDAQ: ^IXIC) has been in a bull market for over three years, with a potential for continued gains based on historical trends. Key factors fueling this momentum include increased corporate earnings and interest rate cuts.
Netflix (NASDAQ: NFLX) has seen substantial growth, with a 932% increase over the past decade and a 48% rise in the past year. A 10-for-1 stock split is set to occur later this month. The company aims to double its revenue from $39 billion to $78 billion by 2030 and increase its subscriber count to 410 million from 302 million.
In Q3, Netflix reported $11.5 billion in revenue, a 17% increase, while earnings per share rose 9% to $5.87. For Q4, projections indicate revenue of $11.96 billion and EPS of $5.45. Analysts expect revenue to reach $45 billion and EPS to climb 28% to $25.30 by 2024.
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