:max_bytes(150000):strip_icc()/GettyImages-2152422507-f093986cc35e4a7aa53757475a875b8b.jpg?w=1920&resize=1920,1267&ssl=1 "What Analysts Think of Netflix Stock Ahead of Earnings")
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key takeaways
- Netflix has been scheduled to report the results of the first quarter after the market closure on Thursday.
- Analysts hope that streaming giants will report increasing revenue and profit.
- Most firms tracked by visible alpha have “buy” or equivalent ratings on Netflix stock.
Netflix (NFLX) is scheduled to report the results of the first quarter after closing on Thursday, analysts suggest that streaming giants may be well deployed for the season of an uncertain macroeconomic atmosphere.
In the recent note to customers, JP Morgan called Netflix the “most flexible” company, with the strengthening customer base of the stream, with members viewing an average of two hours of content per day. The bank has a “overweight” rating for stock and a $ 1,025 price target.
Morgan Stanley also nominated Netflix as a “top pick”, expecting the company “a weak global macro may display relative flexibility.” On April 2, analysts called President Donald Trump’s tariff announcement “the opportunity” to investors in Netflix shares.
Most Netflix analysts stock a ‘buy’
All said, 14 of the 18 analysts covering Netflix tracked by visible alpha have a “purchase” or equivalent rating for stock, with the remaining “hold” ratings have been released. His consensus value target of about $ 1,097 will suggest around 20% inverted from around Friday.
Netflix is expected to report $ 10.5 billion, 12% year-on-year, and $ 2.48 billion net income, or $ 5.69 per share, $ 2.33 billion or $ 5.28 per share, a year ago.
Netflix shares have increased by about 50% in the last 12 months, which is $ 918.29 after Friday’s shutdown.
