Analysts are getting more bullish on Netflix ahead of earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Netflix Inc News

Stock Markets,Investment Strategy,Business News

A few analysts are upping their stance on the media giant ahead of its third-quarter earnings report next week.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts sayOil markets are being too complacent given the risk of major supply disruptions in the Middle East, analysts told CNBC on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »