Netflix stock is surging after a strong earnings beat, but is the stock headed higher?
Netflix (NFLX -0.08%) is rallying 14% after posting a strong earnings report and surprising Wall Street estimates, gaining 2.4 million subscribers versus an estimate closer to 1 million. Is Netflix stock a buy now? Watch below for a Netflix earnings update and my take on where the stock is headed next.
*Stock prices used in the below video were during the trading day of October 18, 2022. The video was published on October 18, 2022.
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Amazon and Walt Disney. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Inc., Netflix, and Walt Disney. The Motley Fool recommends Comcast and Warner Bros. Discovery, Inc. and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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