Welcome to Extreme Investor Network! Are you ready for some insider tips on the latest investment opportunities? Today, we’re diving into the buzz surrounding Netflix and its upcoming third-quarter results.
With the streaming giant’s quarterly report just around the corner, analysts are buzzing with anticipation for what’s to come. UBS analyst John Hodulik is optimistic about Netflix’s future, citing the company as the main beneficiary of industry rationalization. Despite an anticipated ease in subscriber growth year over year, Hodulik expects solid results that could drive the stock price up by over 2%.
But it’s not just UBS that’s bullish on Netflix. Morgan Stanley and Oppenheimer have both increased their price targets on the media giant, with expectations of more than 12% and 6% upside, respectively. Morgan Stanley analyst Benjamin Swinburne sees a long runway for revenue growth, forecasting at least 13% growth in 2025.
Meanwhile, Oppenheimer analyst Jed Kelly believes Netflix’s dominance will continue, especially with potential price increases on the horizon. Kelly predicts that the company will raise prices for its standard and premium plans, further solidifying its position as a leader in producing high-engagement content.
While the majority of analysts on Wall Street are bullish on Netflix, with 33 out of 48 analysts giving a strong buy or buy rating, there are still some neutral stances. As of Thursday’s close, Netflix has an average target of $708.75, implying a slight downside.
With all this excitement and anticipation surrounding Netflix, now is the perfect time to stay updated on the latest investment opportunities. Keep an eye on Extreme Investor Network for more exclusive insights and strategic investment advice. Happy investing!