Netflix Analysts Praise Q2 Earnings, But Are Cautious On Advertising Growth: 'Slower Than NFLX Planned'

Benzinga · Jul 20 01:55

Streaming giantNetflix Inc(NASDAQ:NFLX) beat revenue and earnings estimates in the second quarter, but analysts have questions over long-term subscriber growth and slower than expected advertising revenue growth seen in Thursday's report.

The Netflix Analysts:Macquarie analyst Tim Nollen maintained an Outperform rating on Netflix and raised the price target from $685 to $695.

Needham analyst Laura Martin reiterated a Buy rating and $700 price target.

Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $554 to $635.

Macquarie On Netflix:A revenue and earnings per share beat were part of a "good Q2," Nollen said in...

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Netflix Analysts Praise Q2 Earnings, But Are Cautious On Advertising Growth: 'Slower Than NFLX Planned'

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