14:29:50 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Netflix CDR (CAD Hedged)
Symbol NFLX
Shares Issued 2,200,000
Close 2024-07-19 C$ 24.92
Market Cap C$ 54,824,000
Recent Sedar Documents

Globe says analysts raise share targets on Netflix

2024-07-19 08:02 ET - In the News

The Globe and Mail reports in its Friday, July 19, edition that several analysts have raised their share price targets on Netflix after the streaming giant reported earnings after the close on Thursday. The Globe's Darcy Keith writes in the Eye On Equities column that among the moves: Bernstein raised its target price to $625 from $600; Deutsche Bank raised its target to $590 from $575; Evercore ISI raised its target price to $710 from $700; and Piper Sandler raised its target to $650 from $600 (all figures U.S.). The average price target is now $674.33, up from $654.60 a month ago, according to LSEG data. Netflix said it added more than eight million subscribers in its second quarter. While the subscriber gains topped analyst predictions, Netflix also cautioned that third quarter subscriber gains would be lower than the comparable period in 2023 when the password-sharing crackdown had just started. The company reported diluted per-share earnings of $4.88, compared with consensus forecasts of $4.74 a share, according to LSEG. Revenue for the quarter reached $9.56-billion, in line with estimates.

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