What's Going On With Netflix Stock?
Portfolio Pulse from Adam Eckert
Netflix Inc (NASDAQ:NFLX) stock is trading higher after Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating and increased the price target from $475 to $550. Netflix is set to report Q4 financial results on Jan. 23, with expected earnings of $2.20 per share on revenue of $8.705 billion. The company's stock has risen about 65% year-to-date, attributed to measures like a password-sharing crackdown and the introduction of an ad tier. Investors are keen on Q4 member growth, following a nearly 70% increase in ad tier memberships in the previous quarter.
December 18, 2023 | 4:52 pm
News sentiment analysis
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POSITIVE IMPACT
Netflix's stock is positively impacted by Morgan Stanley's upgraded price target and the anticipation of Q4 earnings report. The stock has seen significant growth this year, and continued member growth could further boost investor confidence.
The upgrade by Morgan Stanley is a strong positive signal to investors, suggesting confidence in Netflix's business model and growth prospects. The anticipation of the Q4 earnings report, especially after a strong previous quarter, is likely to keep investor sentiment high in the short term. The stock's year-to-date performance indicates a positive trend that could be reinforced by the upcoming earnings if they meet or exceed expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100