Netflix is less than a week away from issuing its third-quarter results, and some analysts think the stock is poised for more upside ahead. The streaming giant's quarterly report is due next Thursday after the market close. The stock is having a strong 2024, surging nearly 50%.
mountain NFLX, year-to-date Other analysts are even more bullish on the name heading into earnings. In fact, both Morgan Stanley and Oppenheimer increased their price targets on the media giant, with the former setting its target at $820 and the latter raising it to $775. That implies an upside of more than 12% and more than 6%, respectively. Morgan Stanley analyst Benjamin Swinburne – who reiterated his overweight rating on the stock – thinks there's "a long runway for revenue growth.
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