Netflix To Beat Fiscal Q4 Estimates Says Monness Crespi
Investing.com
Published Jan 11, 2022 12:35PM ET
By Sam Boughedda
Investing.com — Moness Crespi analyst Brian White told investors in a research note Monday that Netflix Inc (NASDAQ:NFLX) will beat its fourth-quarter earnings estimates.
"This story has a long runway of growth in coming years," White was quoted as saying by StreetInsider. The analyst reiterated a buy rating and a $730 price target on the stock.
White added: “Given Wall Street’s concerns that Netflix will fall short of its 4Q:21 paid global streaming net add guidance of 8.50 million, we believe it is timely for the company to consider shelving this metric altogether, one that was useful in the younger days of the service but has since become more of burden than a benefit.”
While Netflix shares initially rose Tuesday, it has been unable to sustain any upside momentum and is currently flat on the day.
Elsewhere, Tuesday saw KeyBanc analyst Justin Patterson lower his firm's price target on Netflix shares to $620 from $725 to reflect his lower estimates. However, the analyst maintained an overweight rating.
Netflix's next earnings report is set to be released next week.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.