On Oct 07, major Wall Street analysts update their ratings for $Netflix (NFLX.US)$, with price targets ranging from $550 to $820.
Barclays analyst Kannan Venkateshwar downgrades to a sell rating, and maintains the target price at $550.
TD Cowen analyst John Blackledge maintains with a buy rating, and adjusts the target price from $775 to $820.
Piper Sandler analyst Matthew Farrell CFA upgrades to a buy rating, and adjusts the target price from $650 to $800.
Monness analyst Brian White maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Netflix (NFLX.US)$'s main analysts recently are as follows:
It is suggested that Netflix's high valuation hinges on the expectation of sustained revenue growth in the low double digits for a considerable period. However, achieving this level of growth is becoming increasingly challenging, and it is likely to involve certain compromises. Despite the company's ambitions to reach its revenue targets, the current stock valuation seems to anticipate an expansion of the subscriber base by more than double the current figures, a scenario that is considered improbable.
Anticipation for Netflix's third-quarter results is high, with expectations of net member additions surpassing consensus predictions, indicative of continued momentum from paid sharing, advertising-supported video on demand (AVOD), and the inherent strength of the business.
Here are the latest investment ratings and price targets for $Netflix (NFLX.US)$ from 4 analysts:
Note:
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