Netflix Increases Buybacks: Can It Complete A Reversal In 2023?

Fri., April 21, 2023 | Thomas Hughes

Key Points

Netflix is down following the Q1 results but the odds of a complete reversal in 2023 are growing.
Mixed results and near-term headwinds are offset by an expectation for improvement in the 2nd half.
Regardless, cash flow is robust and share repurchases are expected to increase.
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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Netflix (NFLX)	2.2951 of 5 stars	$371.29	+9.2%	N/A	39.92	Moderate Buy	$347.78

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About Thomas Hughes

Contributing Author: Technical and Fundamental Analysis

Thomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.

Contact Thomas Hughes via email at tmhughes.writeon@gmail.com.