Citi raised the firm’s price target on Netflix (NFLX) to $1,295 from $1,280 and keeps a Neutral rating on the shares ahead of the Q3 report on October 21. The firm sees currency driving a modest miss on revenue and EBIT in the quarter. However, Citi also expects Netflix to up its fiscal 2025 EBIT outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Beer Money: Warner Bros. Discovery (NASDAQ:WBD) Ahead in Alcohol Ad Spend
- Needham Internet/entertainment analysts hold analyst/industry conference call
- Morning Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Netflix Stock Slides Again as Elon Musk Urges to “Cancel Netflix for the Health of Your Kids”
- Netflix Stock (NFLX) Falls as Elon Musk Calls for Boycott of the Streaming Service