Netflix (NFLX) Shares Surge Nearly 5%

Netflix (NFLX) shares climbed to their highest level since early April, gaining nearly 5%, even as the S&P 500 index (US SPX 500 mini on FXOpen) edged down by around 0.2% yesterday.

Since the start of 2025, NFLX has risen by over 8%, showing notable strength in an otherwise turbulent equity market, which remains highly reactive to the intensifying global trade conflict.

What’s Behind Netflix’s (NFLX) Recent Rally?

Three main factors may be fuelling the rise:

1. Jason Helfstein, analyst at Oppenheimer, noted that Netflix appears to face “limited” exposure to current market risks. With no physical goods subject to tariffs, the company might even benefit from an economic slowdown, as more consumers opt for at-home entertainment.

2. A report by The Wall Street Journal revealed that Netflix has set an ambitious goal to reach a $1 trillion market capitalisation and double its revenue to $39 billion by 2030.

3. Optimism ahead of earnings – Netflix is among the first major firms scheduled to publish its quarterly results.

Technical Outlook for NFLX Shares

The stock remains within an ascending channel (marked in blue), with solid support coming from the lower trendline and the $840 level – a key threshold stemming from the late-2024 rally.

On the upside, the price has approached the key psychological barrier of $1000. With earnings set to be released tomorrow (17 April), bulls may attempt a breakout to push the stock into the upper range of the channel.

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