Monness analyst Brian White has maintained their neutral stance on NFLX stock, giving a Hold rating on March 24.
Brian White has given his Hold rating due to a combination of factors affecting Netflix’s current and future performance. While Netflix has demonstrated resilience and outpaced its peers, the company is not entirely shielded from broader economic challenges. The competitive landscape remains dynamic, and Netflix’s valuation appears stretched, which could limit upside potential.
Additionally, while Netflix is expected to meet revenue and earnings projections, growth is anticipated to decelerate compared to previous quarters. The company’s strategic initiatives, such as price hikes and increased focus on advertising, are promising but still in early stages. These factors contribute to a cautious outlook, warranting a Hold rating as investors await clearer signs of sustained growth and profitability improvements.
According to TipRanks, White is a top 100 analyst with an average return of 17.0% and a 63.92% success rate. White covers the Technology sector, focusing on stocks such as Apple, Oracle, and Salesforce.
In another report released on March 24, Loop Capital Markets also maintained a Hold rating on the stock with a $1,000.00 price target.