Netflix Likely To Report Lower Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Netflix, Inc. NFLX is expected to report its first quarter earnings results after the closing bell on April 18, 2023.

Analysts expect the company to post quarterly earnings at $2.86 per share, down from year-ago earnings of $3.53 per share. The company’s revenue might come in at $8.18 billion.

Netflix shares fell 1.8% to close at $332.72 on Monday, and added 0.6% in today’s pre-market trading session.

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.

• New Street Research analyst Dan Salmon maintained a Neutral rating and raised the price target from $320 to $333 on Apr. 17, 2023. This analyst sees around 0.1% upside in the company’s stock and has an accuracy rate of 70%.
• Jefferies analyst Andrew Uerkwitz maintained a Buy rating and raised the price target from $400 to $425 on Feb. 6, 2023. This analyst sees around 28% upside in the company’s stock and has an accuracy rate of 70%.
• JP Morgan analyst Doug Anmuth maintained an Overweight rating and raised the price target from $330 to $390 on Jan. 20, 2023. This analyst sees around 17% upside in the company’s stock and has an accuracy rate of 82%.
• Guggenheim analyst Michael Morris maintained a Buy rating and boosted the price target from $305 to $375 on Jan. 20, 2023. This analyst sees around 13% upside in the company’s stock and has an accuracy rate of 73%.
• Baird analyst William Power maintained a Neutral rating and increased the price target from $275 to $325 on Jan. 20, 2023. This analyst sees around 2% downside in the company’s stock and has an accuracy rate of 86%.

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