Netflix's (NFLX, $338.43) future growth will be 20%, according to Wells Fargo.

Netflix's (NFLX) future growth is predicted to be at 20% according to Wells Fargo, as the company's password sharing crackdown continues to improve earnings and fuel a continued rally. On March 23, 2023, NFLX's Momentum Indicator moved above the 0 level, which could indicate that the stock is shifting into a new upward move.

For traders who want to take advantage of this momentum shift, buying the stock or buying call options may be a smart move. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned positive, and in 67 of those cases, the stock moved higher in the following days. The odds of a move higher are at 77%.

One of the main reasons for this predicted growth is Netflix's crackdown on password sharing. The company has been working to prevent users from sharing passwords with people outside of their households, which could lead to an increase in subscriptions and revenue. Additionally, the company has been expanding its content offerings and investing in original programming, which could attract even more viewers and increase subscriber numbers.

Another factor that could contribute to Netflix's growth is the continued trend towards streaming services, as more and more consumers shift away from traditional cable TV. As Netflix continues to dominate the streaming space, it may see increased demand for its services and higher subscriber numbers.

It seems that Netflix is well-positioned for growth in the coming months and years. The company's crackdown on password sharing, expanding content offerings, and dominance in the streaming space all point towards a positive future for the stock. Traders who are looking to capitalize on this growth may want to consider buying the stock or call options, as the odds of a move higher are in their favor.