Netflix subscriber additions likely slowed, growth strategy in focus
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Evercore ISI Reiterates Outperform Rating on Netflix (NFLX)
October 15, 2024 11:56 AM EDTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $750.00 price target on Netflix (NASDAQ: NFLX).
The analyst comments "Our View: We view the Streets Q3 Revenue (+14.3% Y/Y), Op Margin (27.8%) and EPS estimates ($5.11) as reasonable. The Streets sequential Revenue growth of +2% appears consistent with typical seasonality (3Q Q/Q Revenue growth has ranged from -0.6% to +4.3% over the past three years), and we expect should receive an ARPU... More
