Netflix ( NFLX ) is set to report first-quarter earnings after the market closes Thursday, and analysts say the streaming giant may be well-positioned to weather an uncertain macroeconomic environment.
In a recent note to clients, JPMorgan Chase called Netflix the “most resilient” company it tracks because the streaming platform has a strong user base, with members watching an average of two hours of content per day. The bank maintained its “overweight” rating on Netflix with a $1,025 price target.
Morgan Stanley also named Netflix a “top pick,” expecting the company to “demonstrate relative resilience amid global macro weakness.” The analyst said the pullback in Netflix shares following President Donald Trump’s tariff announcement on April 2 is a “buying opportunity” for investors.
Most Netflix analysts rate the stock a “buy”
Overall, 14 of the 18 Netflix analysts tracked by Visible Alpha rate the stock a “buy” or equivalent, with the rest rating it a “hold.” Their consensus price target is about $1,097, which implies nearly 20% upside from Friday’s close.
Netflix expects revenue of $10.5 billion, up 12% year over year, and net income of $2.48 billion, or $5.69 per share, up from $2.33 billion, or $5.28 per share, a year ago.
Netflix shares have risen nearly 50% in the past 12 months, closing at $918.29 on Friday.
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