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Key Takeaways
- Netflix is expected to release its first-quarter earnings after the market closes on Thursday.
- Analysts expect that the streaming giant will report a rise in revenue and profit.
- The majority of firms tracked by Visible Alpha have a "buy" or equivalent rating on Netflix stock.
Analysts suggest that Netflix (NFLX), which is expected to report its first-quarter results on Thursday after the closing bell, may be well-positioned in an uncertain macroeconomic climate.
In a recent client note, JPMorgan referred to Netflix as the “most resilient” of the companies it tracks. This is due to the strong subscriber base of the streaming service, with its members watching on average two hours of content each day. The bank has a “overweight” rating on the stock and a $1,025 target price.
Morgan Stanley named Netflix as a “top choice,” expecting that the company would “demonstrate a relative resilience in weaker macroeconomic conditions.”
Most Netflix Analysts Rate Stock a 'Buy'
Visible Alpha tracked 18 analysts covering Netflix, and 14 of them have given the stock a rating of “buy” or an equivalent, while the rest gave it a rating of “hold”. Their consensus price of $1,097 would suggest an upside of 12% after the stock surged on Tuesday following a news report that Netflix plans to double its revenues and join the $1 Trillion club by 2030.
Netflix is expected report a first-quarter revenue of $10 billion, an increase of 12% over the previous year, and a net income of $5.67 per common share of $2.47 million, up from $5.28 per common share of $2.33 million a year ago.
Netflix shares have risen nearly 60% over the past 12 months, at $976.28 as of Tuesday's close.
UPDATE—April 15, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.
