Netflix's Q1 2024 Report: Analysts Predict Strong Growth and Increased Earnings

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Netflix's Q1 2024 Report: Analysts Predict Strong Growth and Increased Earnings

WallStreetZen04-09

TD Cowen's John Blackledge raised their price target on Netflix (NASDAQ: NFLX) by 20.8% from $600 to $725 on 2024/04/08. The analyst maintained their Strong Buy rating on the stock.Previewing Netflix'...

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The analyst maintained their Strong Buy rating on the stock.Previewing Netflix'...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/netflix-s-q1-2024-report-analysts-predict-strong-growth-and-increased-earnings\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NFLX","symbol_name":"奈飞","start_time":0,"source_url":"https://www.wallstreetzen.com/news/netflix-s-q1-2024-report-analysts-predict-strong-growth-and-increased-earnings","article_id":"2426316336","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1627873649417-c67f701f1949?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2ODgwMTc1MjJ8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426316336","pubTimestamp":1712656500,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"TD Cowen's John Blackledge raised their price target on Netflix (NASDAQ: NFLX) by 20.8% from $600 to $725 on 2024/04/08. The analyst maintained their Strong Buy rating on the stock.Previewing Netflix'","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NFLX":"奈飞"},"translate_title":"Netflix,Inc.Q1 2024报告：分析师预测强劲增长和收益增加","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NFLX":1},"content_text":"TD Cowen's John Blackledge raised their price target on Netflix (NASDAQ: NFLX) by 20.8% from $600 to $725 on 2024/04/08. The analyst maintained their Strong Buy rating on the stock.Previewing Netflix's Q1 2024 report, expected on 2024/04/18, Blackledge expects net paid adds of at least 5.1M, above consensus of 4.1M and reflecting continued paid sharing momentum.\"Netflix is benefiting from a dual tailwind of paid sharing initiatives as well as strong underlying business demand supported by a robust, increasingly global, content slate,\" the analyst added, noting that \"Ad tier adoption is also ramping.\"Blackledge's optimistic outlook for Netflix comes as the streaming giant continues to enjoy growth in its subscriber base and solid content offerings. The analyst believes that Netflix's paid sharing initiatives, along with a strong demand for its content, will drive the company's success in the upcoming quarter.In addition to Blackledge's positive assessment, JP Morgan's Doug Anmuth also issued an update on Netflix on 2024/04/08. Anmuth raised the price target for NFLX by 6.6%, increasing it from $610 to $650. The analyst also maintained their Strong Buy rating on the stock.With these recent analyst updates, a majority of top-rated analysts are bullish on Netflix. Currently, 64.7% of these analysts rate NFLX as a Strong Buy or Buy, while 35.3% consider it a Hold. Notably, no analysts recommend selling the stock.The consensus forecast among analysts is that Netflix's upcoming year will deliver earnings per share (EPS) of $15.42. Should this forecast be accurate, NFLX's next yearly EPS will see a substantial 25.8% increase on a year-over-year basis.Netflix's stock has been performing well, both in the short term and over the past year. Since the company's last quarterly report on 2023/12/31, the stock price has risen by 29.1%. Furthermore, on a year-over-year basis, the stock has surged by an impressive 85.4%. These figures indicate that Netflix has outperformed the broader market, as the S&P 500 has only risen by 26.6% during the same period.John Blackledge, the TD Cowen analyst who raised the price target and maintained the Strong Buy rating on Netflix, is ranked in the bottom 5% of Wall Street analysts by WallStreetZen. Blackledge's average return stands at -5.1%, and they have a win rate of 42.6%. The analyst specializes in the Communication Services, Technology, and Consumer Cyclical sectors.Netflix, Inc. is a leading entertainment services provider, offering a wide range of TV series, documentaries, feature films, and mobile games across various genres and languages. The company allows its members to stream content through internet-connected devices such as TVs, digital video players, set-top boxes, and mobile devices. Additionally, Netflix provides DVD-by-mail services in the United States. With approximately 222 million paid members in 190 countries, Netflix continues to be a dominant force in the entertainment industry. The company was incorporated in 1997 and has its headquarters in Los Gatos, California.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}