Netflix (NASDAQ: NFLX) stock might be pushing its way back into Wall Street's good graces. Shares are trouncing the market right now, up nearly 40% since mid-June compared to the 6% uptick in the S&P 500.

That broader stock market rebound is helping, but so is rising optimism about the streaming video giant's return to membership growth. Wall Street pros are also issuing bullish outlooks around its move into advertising.

Let's look at the main factors lifting expectations around Netflix in 2023 and beyond.

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Source Fool.com