On January 22, 2025, Netflix (NFLX) shares surged in after-hours trading following the company’s announcement of better-than-expected fourth-quarter earnings and an increase in its 2025 revenue forecast. The streaming service reported a net addition of 19 million subscribers, bringing its total membership to over 300 million, which contributed to the stock’s significant rise.
- Netflix shares jumped after strong earnings report
- Stock found buying interest at 50-day moving average
- Bars pattern analysis suggests upside target of $1,285
- Major support levels identified at $930 and $824
- Netflix added 19 million new subscribers last quarter
- Stock gained 80% over the past 12 months
Netflix’s performance in the fourth quarter exceeded analyst expectations, leading to a 14% increase in its stock price, which approached $995 in after-hours trading. The company also announced plans to raise subscription prices in several countries, including the U.S. and Canada, which investors welcomed. Over the past year, Netflix shares have gained 80%, significantly outperforming the S&P 500’s 25% return.
As the stock approaches new highs, technical analysis suggests potential price targets. A bars pattern analysis indicates a possible upside target of around $1,285, with projections for a new upward trend to continue until late May. Investors are advised to monitor key support levels, particularly around $930, which may act as a buying point if the stock retraces. A drop below this level could lead to further declines toward $824, another critical support area.
In summary, Netflix’s strong earnings report and subscriber growth have led to a notable increase in its stock price. Investors should keep an eye on the identified support levels as the stock navigates potential volatility in the coming months.