Wall Street sets Netflix stock price for next 12 months
Despite facing initial challenges with its newly announced advertisement plan, Netflix (NASDAQ: NFLX) successfully ended the fiscal year 2023 with robust financial reports and promising guidance for the upcoming quarter.Profitability was boosted by price increases and the implementation of a new ad plan, resulting in a 12% revenue growth for the company by the end of the year. Operating margin expansion was substantial, and a record-breaking Free Cash Flow (FCF) of $6.9 billion was achieved.At the close of ...