Seaport Global analyst David Joyce maintains $Netflix (NFLX.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 58.3% and a total average return of 2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Netflix (NFLX.US)$'s main analysts recently are as follows:
The updated models in the media technology sector suggest that the advertising market is maintaining a robust stance, with a consistent ad agency organic growth observed in the third quarter. This scenario is expected to underpin a slight uplift in linear TV advertising revenues, despite the exclusion of Olympic-related revenues. There's a long-term optimism surrounding Netflix's advertising tier, which is likely to be bolstered by the addition of sports content and the possibility of future price escalations.
Netflix's performance has surged with a 56% increase year-to-date, and there is an anticipation of further global member growth. Additionally, the potential for rapid advertising revenue growth combined with operating leverage and margin expansion is expected to yield attractive returns for shareholders in the upcoming year. With Q3 earnings on the horizon, it is believed that membership trends will be a pivotal factor influencing sentiment. The estimate for Q3 member net additions has been revised upwards significantly, and a recent survey suggests that investor expectations are somewhat above the current consensus.
Note:
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