Was there something about war and crises and more and more bad news? Netflix has once again shown us that it is possible to make money even in a crisis. Netflix has become a household name like Coca-Cola. What about you? Do you stream your series and movies through a streaming service, do you still watch satellite television, or do you even completely forgo watching television? Or are you one of the new customers gained by Netflix?

Strong increase in profit For the fourth quarter, the company reported revenues of $8.83 billion, compared to $7.85 billion in the previous year. Net profit amounted to $937.84 million, compared to $55.28 million a year ago.

Over 260 million subscribers In the last quarter, 13.1 million new subscribers were added. This is the largest increase in subscribers ever recorded in the fourth quarter, and it far exceeds the expected growth of 8.97 million. This brings the total number of subscribers to 260 million.

Now also wrestling on Netflix Whatever you may think of staged fights where nothing is real except a bloody nose – wrestling is a big deal in the USA. Netflix has entered into a 10-year agreement with the program „Raw“ from TKO Group Holdings (TKO) World Wrestling Entertainment unit for a total fee of more than $5 billion.

Potential to reach $700 Conclusion: Whether staged wrestling matches are a buying argument, I will leave open. What is clear, however, is that a large majority of analysts see a lot of potential for Netflix’s stock. And now a correction is looming for US tech stocks. 31 out of 52 analysts recommend buying, 18 recommend holding, and only 3 recommend selling. With the recent jump in stock prices, the average analyst target price of $575 has almost been reached. Now it will be exciting: Last month, the highest analyst target price was only $600, now it has been set to $700. With a P/E ratio of 33 based on earnings estimates for this year, Netflix can no longer be considered a bargain.