NETFLIX INC.: ANALYSTS PREDICT REVENUE GROWTH IN THE NEW QUARTER
American entertainment company Netflix Inc. shares remain in a corrective trend at around 422.00.
Analysts are positive about the prospects for the company's shares: for example, Barclays Plc. updated the forecast, raising the target price to 375.0 dollars from 250.0 dollars earlier, despite maintaining the Equal-Weight rating, and also noted that over the past 2 months, the capital of Netflix Inc. rose by 28.0%, which significantly exceeds the dynamics in the S&P 500 index (+6.0%). The capital gains were made possible by lowering fears of the number of subscribers, as the recent introduction of paid password sharing did not result in a large churn of users.
The publication of the financial results of Netflix Inc. is expected on July 19: analysts forecast revenue of 8.25 billion dollars, up from 8.16 billion dollars reported in the previous quarter, and EPS could be 2.85 dollars, slightly short of the 2.88 dollars recorded in the previous period.
Analysts are positive about the prospects for the company's shares: for example, Barclays Plc. updated the forecast, raising the target price to 375.0 dollars from 250.0 dollars earlier, despite maintaining the Equal-Weight rating, and also noted that over the past 2 months, the capital of Netflix Inc. rose by 28.0%, which significantly exceeds the dynamics in the S&P 500 index (+6.0%). The capital gains were made possible by lowering fears of the number of subscribers, as the recent introduction of paid password sharing did not result in a large churn of users.
The publication of the financial results of Netflix Inc. is expected on July 19: analysts forecast revenue of 8.25 billion dollars, up from 8.16 billion dollars reported in the previous quarter, and EPS could be 2.85 dollars, slightly short of the 2.88 dollars recorded in the previous period.