On Oct 22, major Wall Street analysts update their ratings for $Netflix (NFLX.US)$, with price targets ranging from $550 to $840.
Barclays analyst Kannan Venkateshwar maintains with a sell rating, and maintains the target price at $550.
Jefferies analyst Andrew Uerkwitz maintains with a buy rating, and adjusts the target price from $700 to $800.
Argus Research analyst Joseph Bonner maintains with a buy rating, and adjusts the target price from $767 to $840.
DBS analyst Sachin Mittal maintains with a buy rating, and adjusts the target price from $800 to $820.
Furthermore, according to the comprehensive report, the opinions of $Netflix (NFLX.US)$'s main analysts recently are as follows:
Netflix exhibited a robust third-quarter performance with impressive overall financial results. This includes exceeding expectations in operating income, earnings per share, and free cash flow. The company stands out as a leading entity in the media sector with multiple avenues for growth. Notably, the rapid expansion of its advertising business is projected to see a significant increase by 2025 and is anticipated to spur continued growth in subsequent years.
Q3 outcomes and Q4 forecasts surpassed expectations, with indications pointing towards sustained robust double-digit revenue growth and ongoing margin improvement. Analysts note that Netflix is well-positioned to maintain its status as the world's preeminent and most rapidly expanding streaming service, with projections to enhance earnings by 20%-30% yearly over an extended period. This growth is anticipated to be supported by the introduction of additional growth avenues, including monetized account sharing, advertising, live streaming content, and gaming expansions.
Netflix's Q3 outcomes surpassed expectations, and the discussions highlighted a continuation of robust double-digit revenue growth with margin expansion anticipated in 2025. Analysts perceive Netflix as a primary beneficiary amid a stabilizing streaming market. The platform's advertising subscriber base is projected to achieve significant scale by 2025.
Following the Q3 report, Netflix has demonstrated robust financial performance with an increase in Q3 revenue and operating income, leading to an elevated 2024 forecast in terms of revenue growth, operating margin, and free cash flow. The company has also shared a projection for 2025 revenue, suggesting a growth rate of 11%-13%, and an anticipated operating margin of 28%. The company continues to be a highly favored selection.
Following Netflix's 'Beat & Raise Q3 EPS results,' it is noted that a record high operating margin of 30% seems fairly sustainable. The outlook for Q4 suggests significant potential for surpassing Street subscriber estimates, which is attributed to an exceptionally compelling content lineup and the announcement of selective price increases, with expectations of additional hikes.
Here are the latest investment ratings and price targets for $Netflix (NFLX.US)$ from 4 analysts:
Note:
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