Netflix Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Netflix, Inc. (NASDAQ:NFLX) is anticipated to report Q4 earnings of $2.22 per share, a significant increase from $0.12 in the previous year. Revenue is expected to be $8.72 billion, up from $7.85 billion. Netflix India saw a 24% revenue increase in FY23. Shares closed up 0.6% at $485.71. Analysts from UBS, Oppenheimer, Goldman Sachs, Wedbush, and Morgan Stanley have updated their price targets for NFLX, with most maintaining positive ratings and higher price targets.
January 23, 2024 | 2:43 pm
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Analysts expect Netflix to report a sharp increase in Q4 earnings and revenue, with a positive financial performance in India. Analysts from UBS, Oppenheimer, Goldman Sachs, Wedbush, and Morgan Stanley have recently updated their price targets, mostly upwards.
The positive earnings and revenue expectations, along with recent analyst upgrades, suggest a bullish sentiment for NFLX in the short term. The stock's recent gain and the financial growth in Netflix India further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100