What Wall Street Analysts Think of Netflix’s Stock Ahead of Earnings

Key Takeaways

• Wall Street is bullish on Netflix ahead of its third-quarter earnings, due Thursday.

• Three quarters of the analysts covering the steamer have buy or equivalent ratings on the shares, according to Visible Alpha.

• Netflix stock is up more than 40% this year. It has slipped after its two previous earnings reports.

Netflix (NFLX) earnings are coming after the bell Thursday, with analysts generally bullish on the streamer’s stock—though they aren’t currently calling for large price appreciation.

Of the 20 analysts covering Netflix tracked by Visible Alpha, 15 have “buy” ratings on the shares; there’s only one “sell” rating.

The consensus price target is $732.26, about a 4% premium to to Wednesday’s $702 close. The price targets used to determine that average vary from $550 to $820.

Analysts expect the streaming giant to post year-over-year revenue, profit, and subscriber growth ahead of the final quarter of 2024. Netflix shares dipped following the company’s quarterly reports in April and July.

The shares were down more than 1% in morning trading, leaving the stock up more than 40% this year.

Here’s what you need to know about Netflix’s upcoming earnings report.

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