What Analysts Think of Netflix Stock Ahead of Earnings
Key Takeaways
Netflix (
NFLX
) is scheduled to report first-quarter results after the closing bell Thursday, with analysts suggesting the streaming giant could be well-positioned to weather an uncertain macroeconomic environment.
In a recent note to clients, JPMorgan called Netflix the “most resilient” company it tracks, given the streamer's strong subscriber base, with members watching an average of two hours of content per day. The bank holds an “overweight” rating and $1,025
price target
for the stock.
Morgan Stanley also named Netflix a "
top pick
," expecting the company could “demonstrate relative resilience in a weaker global macro.” The analysts called the
pullback
in Netflix shares in the wake of President Donald Trump's
tariff announcement
on April 2 a “buying opportunity” for investors.
Most Netflix Analysts Rate Stock a 'Buy'
All told, 14 of the 18 analysts covering Netflix tracked by Visible Alpha have "buy" or equivalent ratings for the stock, with the remainder issuing a "hold" rating. Their consensus price target of about $1,097 would suggest nearly 20% upside from Friday’s close.
Netflix
is expected to report revenue of $10.5 billion, up 12%
year-over-year
, and net income of $2.48 billion, or $5.69 per share, rising from $2.33 billion, or $5.28 per share, a year earlier.
Netflix shares have risen nearly 50% over the past 12 months, at $918.29 as of Friday's close.