Netflix's Q4 'Shocker' Stuns Analysts: Jim Cramer, Ross Gerber Hail Streaming Giant's Triumph; KeyBanc Ups Price Target
Portfolio Pulse from Shanthi Rexaline
Netflix, Inc. (NASDAQ:NFLX) reported strong Q4 results, surpassing expectations with high net paid subscriber additions and revenue. The company raised its Q1 operating margin guidance, leading to an 8.66% increase in after-hours trading. Jim Cramer and Ross Gerber praised the results, with Gerber highlighting the impact of the ad-supported tier and password sharing crackdown. KeyBanc's Justin Patterson maintained an Overweight rating on Netflix and increased the price target from $545 to $580, citing potential for sustained growth and positive impact from ad monetization and price increases.
January 24, 2024 | 7:00 am
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Netflix's Q4 earnings beat expectations with strong subscriber growth and revenue, leading to an 8.66% stock price surge in after-hours trading. KeyBanc raised its price target to $580, signaling confidence in Netflix's future performance.
The positive Q4 earnings report and raised guidance by Netflix directly impact investor sentiment and the company's valuation. The stock's after-hours surge reflects immediate market reaction. KeyBanc's raised price target further supports the bullish outlook, suggesting a strong short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100