Netflix is less than a week away from issuing its third-quarter results, and some analysts think the stock is poised for more upside ahead.
With a buy rating on the stock, Hodulik's target of $750 implies more than 2% upside from Thursday's close.
Hodulik's forecast of double-digit growth comes as Netflix has already reported stronger-than-expected results for the previous two quarters this year.
NFLX YTD mountain NFLX, year-to-date Other analysts are even more bullish on the name heading into earnings.
Netflix has an average target of $708.75, implying about 3% downside, as of Thursday's close.
Persons:
John Hodulik, Morgan Stanley, Oppenheimer, Benjamin Swinburne –, Jed Kelly, Kelly
Organizations:
Netflix, UBS, Squid, NFL
Locations:
4Q23, U.S, United Kingdom, France