**Netflix Stock Garnering Positive Analyst Sentiment Ahead of Q3 Earnings**

Netflix is capturing significant attention from Wall Street as it gears up to report its third-quarter earnings this Thursday. A large majority of analysts, based on data from Visible Alpha, have expressed confidence in the streaming giant, with 75% giving it buy or equivalent ratings. Netflix's stock has shown robust performance, boasting an increase of over 40% so far this year, although it did experience dips after its previous earnings reports.

As noted, 15 out of 20 analysts tracking Netflix are recommending a buy, while just one analyst has marked it as a sell. The consensus price target for the stock stands at $732.26, representing a modest 4% premium compared to its Wednesday closing price of $702. It's important to highlight that price target estimates significantly vary, ranging from $550 to $820.

Expectations are high for Netflix to demonstrate growth in revenue, profit, and subscribers on a year-over-year basis as it approaches the final quarter of 2024. Despite facing downturns after their earnings announcements in April and July, the stock continues to show resilience. In morning trading, Netflix shares dipped over 1%, but overall, the stock maintains a strong upward momentum for the year.

Investors are keenly awaiting Thursday's earnings report to see if Netflix can maintain its positive trajectory and meet analysts' expectations.