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Analysts Stay Bullish on Netflix Stock Ahead of Earnings

Netflix offices in Los Angeles in January 2024.

Mario Tama / Getty Images)

Key Takeaways

  • Oppenheimer reiterated its Outperform rating for Netflix, as well as its price target of $1,150––one of the highest on Wall Street.
  • Analysts at Oppenheimer said in a report that the streamer will not feel the impact of tariffs and little impact from an unstable economy, justifying their bullish rating.
  • Bank of America analysts, meanwhile, have reiterated their own bullish rating and price target ahead of this week's expected earnings results.

Netflix can survive an uncertain economic environment, according to Oppenheimer's bullish analysts.

The bank on Monday reiterated its Outperform rating for Netflix (NLFX) shares. The stock, aided by a news report discussing the streaming giant's 澳洲幸运5官方开奖结果体彩网:plans to continue growing, has jumped today. Bank of America analysts, meanwꦏhile, reiterated their own bullish rating and target.

Oppenheimer analysts ahead of Netflix's next round of quarterly results, due later this week, said the company should be insulated from the effects of tariffs and economic unease. Consumers tend to value television more highly during recessions when they spend more time at home, the analysts wrote. Meanwhile, Oppenheimer wrote, Netflix's latest round of 澳洲幸运5官方开奖结果体彩网:price increases has already arrived, ꧃meaning it has "been digested" by ✅consumers.

The investment bank’s $1,150 price target is among the highest on Wall Street, above the mean target of $1,097, according to Visible Alpha. Most of the analysts tracked by Visible Alpha have "buy" or equivalent ratings on the shares, which were recently up about 6% to roughly $988.

Bank of America reiterated a "buy" rating and $1,175 target, citing "ample runway for continued growth driven by further subscriber additions along with more monetization opportunities (both via pricing and advertising) and a significant ramp in operating income."

Netflix is slated to report its 202🌊5 first quarter earnings on Thursday.

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  2. Bank of America. "Netflix Inc."

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