Netflix (NFLX) Earnings Likely a Positive Event - Piper Sandler

Piper Sandler analyst Thomas Champion reiterated an Overweight rating and $705.00 price target on Netflix (NASDAQ: NFLX) ahead of 4Q earnings, AMC Thursday (1/20).

The analyst stated "We remain constructive on this name long-term given the structural opportunity in streaming video. The stock is down 10% in the last month on 4Q subscriber net add concerns and despite i) a strong 4Q content slate; and ii) survey data pointing to robust consumption. An announced price hike last Friday offered some relief. Our Preview includes an analysis of Top 10 Streaming hours across TV & Film, which look solid into year-end and show the impact of Squid Games."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $525.69 yesterday.

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