Should You Buy Netflix ETFs Ahead of Q4 Earnings?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2025
0mins
Source: NASDAQ.COM
Netflix's Upcoming Earnings Report: Netflix is set to release its fourth-quarter 2024 results on January 21, with expectations of significant earnings growth of 98.6% and revenue growth of 14.5%. Analysts are optimistic about the company's performance, reflected in a strong average brokerage recommendation and a positive earnings surprise history.
ETFs Focused on Netflix: Several ETFs, including MicroSectors FANG+ ETN and First Trust Dow Jones Internet Index Fund, have substantial allocations to Netflix, indicating investor confidence in the streaming giant's future growth despite its high P/E ratio compared to the industry.
Analyst Views on NFLX
Wall Street analysts forecast NFLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NFLX is 129.47 USD with a low forecast of 92.00 USD and a high forecast of 152.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
27 Buy
9 Hold
2 Sell
Moderate Buy
Current: 83.540
Low
92.00
Averages
129.47
High
152.50
Current: 83.540
Low
92.00
Averages
129.47
High
152.50
About NFLX
Netflix, Inc. is a provider of entertainment services. The Company acquires, licenses and produces content, including original programming. It provides paid memberships in over 190 countries offering television (TV) series, films and games across a variety of genres and languages. It allows members to play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. The Company offers members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices. It is engaged in scaling its streaming service, such as introducing games and advertising on its service, as well as offering live programming. It is developing technology and utilizing third-party cloud computing, technology and other services. The Company is also engaged in scaling its own studio operations to produce original content.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
