Netflix Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Netflix, Inc. NFLX is expected to release earnings results for its fourth quarter, after the closing bell on Jan. 23, 2024.

Analysts expect the company to report quarterly earnings at $2.22 per share, up sharply from year-ago earnings of 12 cents per share. The company is projected to post revenue of $8.72 billion for the latest quarter, compared to $7.85 billion in the year-earlier period, according to Benzinga Pro.

Netflix India experienced a significant financial boost in FY23, with its revenue climbing by 24% to reach ₹2,214 crore (roughly $266.67 million).
Netflix shares gained 0.6% to close at $485.71 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst John Hodulik maintained a Buy rating and boosted the price target from $500 to $560 on Jan. 18, 2024. This analyst has an accuracy rate of 70%.
• Oppenheimer analyst Jason Helfstein maintained an Outperform rating and raised the price target from $475 to $600 on Jan. 12, 2024. This analyst has an accuracy rate of 78%.
• Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and increased the price target from $400 to $500 on Jan. 9, 2024. This analyst has an accuracy rate of 79%.
• Wedbush analyst Michael Pachter reiterated an Outperform rating with a price target of $525 on Dec. 21, 2023. This analyst has an accuracy rate of 74%.
• Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating and raised the price target from $475 to $550 on Dec. 18, 2023. This analyst has an accuracy rate of 73%.

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