Netflix subscriber growth in focus as gains from password-sharing crackdown seen easing

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Netflix (NFLX) PT Raised to $505 at MoffettNathanson

April 19, 2024 7:22 AM EDT

MoffettNathanson analyst Michael Nathanson raised the price target on Netflix (NASDAQ: NFLX) to $505.00 (from $500.00) while maintaining a Neutral rating.

The analyst comments "In the pre-streaming age, media companies were bounded by the linear-ness of linear TV. Each network, in only being able to show... More

Netflix (NFLX) PT Lowered to $540 at Rosenblatt

April 19, 2024 6:33 AM EDT

Rosenblatt analyst Barton Crockett lowered the price target on Netflix (NASDAQ: NFLX) to $540.00 (from $554.00) while maintaining a Neutral rating.

The analyst comments "Netflix's 1Q24 featured strength -- adding substantially more members than expected, accelerating revenue growth and beating margin guidance. But the... More

BMO Capital on Netflix (NFLX): 'Thesis Intact'

April 19, 2024 4:50 AM EDT

BMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $713.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Thesis intact; reiterate OP given: 1) higher-than-expected member growth of 9.3M vs. BMO 6.2M/Street at 4.8M w/ continued growth for 2024+ given ongoing paid... More

Goldman Sachs First Take on Netflix (NFLX): 'We expect the market to have a muted reaction'

April 18, 2024 4:40 PM EDT

Goldman Sachs analyst Eric Sheridan reiterated a Neutral rating and $600.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "We expect the market to have a muted reaction to Netflixs Q1 24 earnings report on the back of strong Q1 results (slight upside vs. expectations on revenue; net additions of 9.3m which were above GSe/ FactSet Street but ~inline with... More

Netflix (NFLX) stock is overvalued says Benchmark, sees nearly 30% downside risk

April 18, 2024 8:03 AM EDT

Netflix (NASDAQ: NFLX) stock is overvalued. That's the opinion of analysts at Benchmark, who maintained a Sell rating and $440 price target on the streaming giant's shares in a note Thursday, heading into the company's earnings release.

The firm feels that Netflix's current valuation... More

Rosenblatt Previews Netflix (NFLX) Earnings

April 17, 2024 7:25 AM EDT

Rosenblatt analyst Barton Crockett reiterated a Neutral rating and $554.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "Sub growth is the big driver of Netflix's often substantial share volatility after earnings. And guidance for 1Q24 is broad -- net sub... More

Netflix (NFLX) PT Raised to $713 at BMO Capital, 'Multiple Paths to Increase AVOD Members & Monetization'

April 17, 2024 6:45 AM EDT

BMO Capital analyst Brian J. Pitz raised the price target on Netflix (NASDAQ: NFLX) to $713.00 (from $638.00) while maintaining a Outperform rating.

The analyst comments "Reiterate Outperform given: 1) rising potential for 2024+ member growth through ongoing paid sharing initiatives, T-Mobile ad tier-shift, and content... More