Analyst Coverage Changes
Oppenheimer Holdings is a financial services company that provides investment research and analysis. They have given Netflix a rating of “Outperform,” which means they believe the company will perform better than the average company in its industry. They have also raised their target price for Netflix stock from $365 to $400, indicating that they believe the stock will increase in value and reach that price in the near future. This is likely due to positive growth and financial performance from the company.
Yesterday, Jefferies Financial upgraded their rating for Netflix from a previous rating to “Buy”, which means they believe the company is now a good investment opportunity and that the stock price will increase. They also raised their target price for Netflix stock from $310 to $385, indicating that they believe the stock will increase in value and reach that price in the near future.
STA Research is a research firm that specializes in providing analysis on technology, media and telecommunications companies. They have given Netflix a rating of “Underperform” which means they believe the company will perform worse than the average company in its industry. They also have a target price of $220 on the stock, indicating that they believe the stock will decrease in value and reach that price in the near future.
Goldman Sachs is a global investment bank that provides research, sales and trading services. They have maintained their rating for Netflix as “Sell” which means they believe the company is not a good investment opportunity and that the stock price will decrease. They also raised their target price for Netflix stock from $200 to $225, indicating that they believe the stock will decrease in value and reach that price in the near future.
Netflix Stock Analysis and Stock Forecast
Based on the analysis of 33 financial analysts, the average target price for Netflix Inc’s stock over the next 12 months is USD 268.59. This means that on average, analysts believe the stock will reach this price within the next year. Additionally, the average analyst rating for Netflix is “Hold,” indicating that on average, analysts believe the stock will perform similarly to the overall market.
Stock Target Advisor has given a “Neutral” rating to Netflix Inc, which is based on a combination of 7 positive signals and 6 negative signals. This suggests that the firm sees both positive and negative factors affecting the stock’s performance in the future. The last closing stock price for Netflix Inc was USD 330.13. Over the past week, the stock price has increased by 6.6%, over the past month by 4.74% and over the last year by -38.55%.Netflix Earnings Forecast
The stock of streaming giant Netflix, was given an upgrade on Wall Street on Thursday, one day before the company reports its earnings for the fourth quarter. This extends a recent winning streak for shares of Netflix.
Long-term catalysts such as the platform’s recently-debuted advertising tier and its crackdown on password sharing were cited as the reason why Jefferies analyst Andrew Uerkwitz upgraded the stock to Buy from Hold and increased his price target to $385 from $310 per share.
Uerkwitz wrote in his note to clients that the Advertising video-on-demand service will be slow to gain adoption, but when it does it should drive top line outperformance. He predicted that Netflix’s revenue and adjusted EBTIDA would come in significantly higher than the estimates provided by Wall Street in 2024, which would lead to an increase in margin upside and a valuation that was closer to historical averages.
As a result of the decline in the value of the United States dollar, Goldman Sachs raised its projections for the average revenue per user and GAAP operating income of Netflix earlier this week, which was the catalyst to their target increase. Netflix is expected to report its earnings on January 19th.
