FMP
Jul 17, 2023(Last modified: Dec 19, 2023)
Analysts at Evercore ISI predict a potential stock pullback for Netflix (NASDAQ:NFLX) after its Q2 earnings report on Wednesday. They suggest buying shares after the report. The market expects strong subscriber additions, but this may limit upside surprises and increase the chance of a negative surprise.
Despite a recent "Tactical Underperform" call, analysts remain bullish on Netflix long-term due to improving fundamentals, decreased competition, and profitability growth. Analysts anticipate a 3.9% year-over-year revenue increase with a net subscriber gain of 2.22 million in Q2.
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