These Analysts Boost Price Targets On Netflix Following Q3 Results

Netflix, Inc. NFLX reported better-than-expected Q3 results.

Netflix reported third-quarter revenue of $7.93 billion, up 5.9% year-over-year. The total came in ahead of a Street estimate of $7.84 billion.

The company posted third-quarter earnings per share of $3.10, beating a Street estimate of $2.13.

Netflix shares rose 10.5% to $265.80 in pre-market trading.

These analysts made changes to their price targets on Netflix following the release of quarterly results.

• JP Morgan raised price target on the stock from $240 to $330. JP Morgan analyst Doug Anmuth upgraded the stock from Neutral to Overweight.
• Piper Sandler boosted Netflix price target from $215 to $270. Piper Sandler analyst Thomas Champion maintained the stock with a Neutral.
• Pivotal Research raised the price target on Netflix from $175 to $200. Pivotal Research analyst Jeffrey Wlodarczak maintained a Sell rating on the stock.
• Credit Suisse raised price target on Netflix from $263 to $271. Credit Suisse analyst Douglas Mitchelson maintained the stock with a Neutral.
• Barclays boosted the price target on Netflix from $170 to $235. Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight.
• Benchmark raised the price target on Netflix from $157 to $162. Benchmark analyst Matthew Harrigan maintained the stock with a Sell.
• Wedbush increased the price target on Netflix from $280 to $325. Wedbush analyst Michael Pachter maintained an Outperform rating on the stock.
• Cowen & Co. boosted Netflix price target from $325 to $340. Cowen & Co. analyst John Blackledge an Outperform rating on the stock.
• Oppenheimer lifted Netflix price target from $325 to $365. Oppenheimer analyst Jason Helfstein maintained the stock with an Outperform rating.
• Rosenblatt raised price target on Netflix from $201 to $226. Rosenblatt analyst Barton Crockett maintained the stock with a Neutral.