Netflix Analysts Praise Q2 Earnings, But Are Cautious On Advertising Growth: 'Slower Than NFLX Planned'
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) beat Q2 revenue and earnings estimates, but analysts express concerns over long-term subscriber growth and slower-than-expected advertising revenue. Analysts from Macquarie, Needham, and Rosenblatt provided mixed ratings and price targets, highlighting both positive aspects and potential risks for Netflix's future performance.
July 19, 2024 | 5:55 pm
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Netflix beat Q2 revenue and earnings estimates, but analysts are cautious about long-term subscriber growth and slower-than-expected advertising revenue. Mixed ratings and price targets from Macquarie, Needham, and Rosenblatt reflect both positive aspects and potential risks.
While Netflix's Q2 performance was strong, analysts are cautious about future growth, particularly in advertising revenue. Mixed ratings and price targets indicate uncertainty, which could lead to short-term volatility in the stock price.
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