Netflix Stock ‘Firing On All Cylinders’: 10 Analysts React To Q4 Beat, Guidance, Price Increases
Netflix Inc (NASDAQ:NFLX) analysts call the fourth quarter beat one of the best in company history and changed price targets based on the content slate, price increases and strong advertising momentum.
The Netflix Analysts: Macquarie analyst Tim Nollen reiterated an Outperform rating and raised the price target from $965 to $1,150.
KeyBanc analyst Justin Patterson maintained an Overweight rating and raised the price target from $1,000 to $1,100.
Guggenheim analyst Michael Morris maintained a Buy rating and raised the price target from $950 to $1,100.
Canaccord Genuity analyst Maria Ripps upgraded Netflix from Hold to Buy and raised the price target from $940 to $1,150.
Needham analyst Laura Martin reiterated a Buy rating and raised the price target from $800 to $1,150.
BMO Capital analyst Brian Pitz reiterated an Outperform rating and raised the price target from $1,000 to $1,175.
Raymond James analyst Andrew Marok maintained a Market Perform rating with no price target.
JPMorgan analyst Doug Anmuth reiterated an Overweight rating and raised the price target from $1,000 to $1,150.
Piper Sandler analyst Matt Farrell reiterated an Overweight rating and raised the price target from $950 to $1,100.
Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating and raised the price target from $1,000 to $1,175.
Macquarie on NFLX: The company went “out with a bang,” reporting 19 million added paid subscriptions in its last quarter of reporting this key metric, Nollen said in a new investor note.
“Attention now turns to revenue as well as OI and FCF,” Nollen said referencing operating income and free cash flow.
The analyst said Netflix saw higher subscribers thanks to the Mike Tyson and Jake Paul boxing match, NFL games on Christmas and could see more growth from its WWE partnership.
“WWE, which began in January, has driven increased engagement with on-demand viewing up 25% from viewers the day after the live event.”
KeyBanc on NFLX: Raised guidance for fiscal 2025 could reflect higher subscriber figures and a price increase, Patterson said in a new investor note.
The analyst raised revenue estimates due to higher paid membership figures and higher revenue per member.
“We believe a strong 2025 content slate can continue drive paid membership gains,” Patterson said
With the company choosing not to report membership figures going forward, “revenue becomes the primary metric to value Netflix,” Patterson added.
“We are increasingly confident Netflix …
Full story available on Benzinga.com