What Analysts Think of Netflix Stock Ahead of Earnings | Global News Avenue

Netflix (NFLX) will report fourth-quarter results after the close on Tuesday, and analysts are mostly bullish on the streaming giant.

Fourteen of the 19 Netflix brokers tracked by Visible Alpha have a “buy” or equivalent rating, compared with four “hold” ratings and one “sell” rating. consensus price target That’s about $905, about 7% higher than the stock’s closing price on Thursday.

Wedbush Securities set a $950 price target on the stock this week, noting NetflixA “virtually insurmountable lead” in the streaming wars. The company $6.99 Ad-supported subscription tier The company said customer churn has been limited, “reducing the pressure to add new users,” which should continue to drive revenue growth in the coming years.

JPMorgan, Oppenheimer lower Netflix price targets

JPMorgan lowered its price target to $1,000 from $1,010 and said the streamer’s ad-supported tiers and password-sharing crackdown “should further expand NFLX’s user base while driving high margins.” Incremental income. “ Oppenheimer Also lowered bullish price target This week.

Overall, Wall Street expects Netflix’s latest quarter revenue to rise 15% year over year to $10.13 billion, with earnings climbing to $1.84 billion, or $4.23 a share, from $937.8 million, or $2.11 a share.

It’s worth noting that Netflix will Don’t report again Quarterly subscriber numbers starting with Tuesday’s results.

The stock closed yesterday at just over $842, up about 70% in the past 12 months.