Netflix Analysts Boost Their Forecasts After Upbeat Q2 Earnings
Portfolio Pulse from Lisa Levin
Netflix reported Q2 earnings that beat analyst estimates, but sales fell short of expectations. Despite this, several analysts have increased their price targets for the company. Netflix's shares fell 6.1% in pre-market trading.
July 20, 2023 | 11:20 am
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Netflix's Q2 earnings beat estimates but sales missed expectations. Despite this, several analysts have increased their price targets for the company. Netflix's shares fell 6.1% in pre-market trading.
Netflix's Q2 earnings beat analyst estimates, which is a positive signal. However, the company's sales missed expectations, which could be a cause for concern among investors. Despite this, several analysts have increased their price targets for the company, indicating a positive outlook for the stock. However, the immediate market reaction was negative, with Netflix's shares falling 6.1% in pre-market trading. This suggests that the market is focusing more on the sales miss than the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100