Key Takeaways
- Netflix is set to report its fourth-quarter results after the market closes on Tuesday.
- A majority of analysts covering Netflix that are tracked by Visible Alpha have a "buy" or equivalent rating for the company's stock, with a consensus price target implying about 4% upside from Tuesday's intraday price.
- Netflix's ad-supported plan has been a major success and has lowered the pressure on Netflix to add as many new subscribers, analysts said.
Netflix (NFLX) is set to report fourth-quarter results after the closing bell on Tuesday, with analysts holding mostly bullish ratings on the streaming giant.
Of the 19 brokers covering Netflix that are tracked by Visible Alpha, 14 have a “buy” or equivalent rating, compared with four “hold” ratings and one “sell.” The consensus 澳洲幸运5官方开奖结果体彩网:price target is about $905, roughly 4% higher 🌃than the stock's intraday price Tuesday.
Wedbush analysts recently issued a $950 target on the shares, pointing to Netflix’s “virtually insurmountable lead” in the streaming wars. The company’s $6.99 澳洲幸运5官方开奖结果体彩网:ad-supported subscription tier has limited customer turnover, the firm said, “lowering pressure on adding new subscribers,” which should continue to drive revenue growth over the next few years.
JPMorgan, Oppenheimer Lower Netflix Pᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚrice Target
JPMorgan, which lowered its price target to $1,000 from $1,010, said the streamer’s ad-supported tier and password-sharing crackdown “should further expand NFLX’s subscriber base while driving high-margin 澳洲幸运5官方开奖结果体彩网:incremental revenue.” Oppenheimer 澳洲幸运5官方开奖结果体彩网:also trimmed a🔴 bullish price target last week.
Overall, Wall Street expects Netflix’s revenue for the latest quaꦐrter to grow 15% year-over-year to $10.13 billion and for earnin🦋gs to climb to $1.84 billion, or $4.23 per share, from $937.8 million, or $2.11 a share.
Notably, Netflix will also 澳洲幸运5官方开奖结果体彩网:no longer report qua🍷rterly s𝓡ubscriber numbers after Tuesday's results.
The stock, which𒉰 was up about 1% to $868.88 intraday Tuesday, has gained roughly 80% over the pa𝕴st 12 months.
CORRECTION & UPDATE—Jan. 21, 2025: This article has been corrected to reflect Netflix will stop reporting quarterly subscriber numbers after Tuesday's results. It has also been updated with more recent analyst estimates and share price information.