Netflix’s Price Target Raised at MoffettNathanson
Netflix’s Price Target Raised at MoffettNathanson

Netflix’s Price Target Raised at MoffettNathanson

Jan. 22, 2024, 11:16 a.m., readers: 32

MoffettNathanson analysts increased their price target for Netflix (NASDAQ:NFLX) from $390.00 to $440.00, while maintaining their Neutral rating on the stock. The analysts revised upwards their forecast for Netflix's global net paid subscriber additions in the fourth quarter, increasing the estimate by 2 million to a total of 10 million, compared to the previous estimate of 8 million. This revised forecast includes an expected addition of 2 million subscribers in the UCAN region, surpassing the consensus of 1.7 million, and another 8 million across EMEA, LATAM, and APAC regions. Consequently, this places the analysts’ estimates 1.2 million above consensus expectations for the quarter. Following this adjustment in subscriber growth and considering currency exchange factors, the analysts now project a 12% growth in fourth-quarter revenue to $8.8 billion, which is 1% higher than Street expectations.


About NASDAQ: NFLX

N etflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Price: 583.62
Market cap: 252.6 billion USD
Eps: 11.85
P/e ratio: 49.25
Terminal Research: NFLX
All news about: NFLX


More news about NFLX


Netflix’s Price Target Raised at Benchmark
Jan. 19, 2024, 12:13 p.m.

Benchmark analysts increased their price target for Netflix (NASDAQ:NFLX) from $350.00 to $425.00, while …


Netflix Gains 5% on Management’s Positive Comments
Jan. 11, 2024, 12:40 p.m.

Shares of Netflix (NASDAQ:NFLX) climbed by 5% intra-day today, driven by growing enthusiasm for …


Netflix Cut to Neutral at Seaport Global Securities
Jan. 30, 2024, 12:13 p.m.

Seaport Global Securities analysts downgraded Netflix (NASDAQ:NFLX) from Buy to Neutral. The analysts explained …