Key Takeaways
- After Netflix delivered first-quarter earnings that topped Wall Street’s expectations, several analysts lauded the company’s ability to thrive amid economic uncertainty.
- Bank of America analysts said Netflix has "sustainable growth drivers" that could make it a strong defensive choice in a tougher macroeconomic environment.
- Jefferies analysts said Netflix remains a "top pick" as the company rolls out its ad suite.
After Netflix (NFLX) delivered 澳洲幸运5官方开奖结果体彩网:first-quarter earnings that topped Wall Street’s expectatio🐭ns, seve꧃ral analysts lauded the company’s ability to thrive amid economic uncertainty.
Bank of America analysts said the streaming giant has shown “sustainable growth drivers” that could make the stock a strong 澳洲幸运5官方开奖结果体彩网:defensive choice for investors. On the company’s earnings call, co-CEO Greg Peters sa🐼id Netflix "has been generally quite resilient” during tougher economic times.
Netflix attributed its better-than-expected results in part to higher subscription and ad revenues, and Peters said the company expects to double its advertising revenue this year, as the company rolls out its ad tech suite. Jefferies analysts said Netflix “remains a top pick as the ad tier scales, 澳洲幸运5官方开奖结果体彩网:price hikes flow through, and expectations remain achievable.”
Ahead of Thursday's earnings report, Netflix executives reportedly said their goal is 澳洲幸运5官方开奖结果体彩网:to double the company’s $39 billion in revenu💧e last year by 2030. However, co-CEO Ted Sarandos cautioned anཧalysts not to take it as an official forecast.
BofA and Jefferies maintained bullish ratings and price targets of $1,175 and $1,200, respectively. KeyBanc analysts kept a target of $1,000, and Needham reiterated $1,126. Those estimates imply as much as 23% upside from Thursday's closing price. (U.S. markets are closed Friday in observance of Good Friday).