Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier

The unofficial start of the third-quarter reporting season for megacap tech stocks kicks off Thursday with results from Netflix . The stakes are high following a rapid year-to-date jump in the media streamer's shares. Netflix shares have powered to all-time highs in recent weeks, surging 44% in 2024, twice the return on the S & P 500.

Wells Fargo analyst Steven Cahall also believes that next year's estimates need to move up to support Netflix's high valuation and warned investors to brace for a "less favorable" near-term backdrop. Together, such concerns have led some analysts to step away from the stock altogether in the short run. This month, Barclays analyst Kannan Venkateshwar downgraded Netflix to underweight, citing expectations for slowing growth and a "complex" mixture of catalysts.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix earnings are after the bell. Here's what to expectNetflix is due to report third-quarter earnings after the closing bell Thursday.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayWall Street is set to open sharply higher Thursday, with the Nasdaq looking especially strong.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens ThursdayHere are five key things investors need to know to start the trading day.
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Source: NBCNewYork - 🏆 270. / 63 Read more »