A Netflix Bull Trimmed His Price Target—But the Stock Is Rising Ahead of Earnings

Netflix Earnings and Market Performance - Netflix is expected to report 15% fourth-quarter revenue growth, implying revenue above $10 billion, compared to Visible Alpha's mean estimate of$10.1 billion [2] - The company anticipates sequential growth in paid net subscriber additions for Q4 [2] - Netflix shares are up approximately 70% over the past 12 months, despite being in the red year-to-date [2] Analyst Price Target and Rating - Oppenheimer analysts, led by Jason Helfstein, slightly reduced their Netflix price target from $1,065 to$1,040 while maintaining an "outperform" rating [3][4] - The new price target is about 25% above Tuesday's closing price and 15% higher than the Visible Alpha mean estimate of $905 [3] - Oppenheimer's caution is primarily due to the outlook for 2025 revenue, influenced by a strong US dollar [2][4] Market Reaction and Investor Sentiment - Netflix shares climbed more than 2$848 as broader markets rose [4][5] - Investors are likely anticipating the company's upcoming quarterly financial results, which are expected to be a key moment in the tech-industry earnings season [5]