Netflix, Inc. (NFLX) saw its stock climb 0.93% on Thursday, outperforming the broader market as investors eagerly await the company’s fourth-quarter earnings report after the market closes on Tuesday. The stock’s optimism is rooted in strong expectations for the streaming giant’s performance in the year’s final quarter.
Sell-side analysts remain primarily bullish on Netflix’s future, with Seaport Research upgrading the stock from “Neutral” to “Buy” and setting a price target of $955, as reported by TheFly. This new target reflects confidence in the company’s ability to continue growing in a competitive streaming market.
One of the key reasons behind Seaport’s upgraded outlook is the firm’s raised net subscriber addition forecast. Seaport analysts now expect Netflix to add 9 million new subscribers in the fourth quarter, up from the previously projected 5.7 million. This increase is attributed to operational tailwinds expected to bolster Netflix’s competitive position.
In addition to its subscriber growth, Seaport analysts pointed out Netflix’s industry-leading original content, strong advertising growth, and recent successes in securing live sports rights. These factors have positioned the company well for continued success despite challenges from competing platforms.
Meanwhile, CWEB analysts have also issued a positive outlook on Netflix, highlighting the company’s potential for sustained growth. They view Netflix as a solid investment with strong revenue growth, expanding operating margins, and impressive free cash flow generation. CWEB analysts have given Netflix a “Buy” rating, reaffirming it as a “core holding” for investors seeking long-term stability in the entertainment and streaming sectors.
As Netflix prepares to report its fourth-quarter results, investors are closely watching for confirmation of these positive expectations. With a strengthened outlook from both Seaport Research and CWEB analysts, Netflix remains a standout player in the tech and entertainment sectors.
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