Netflix: UBS still a buyer after results
(CercleFinance.com) - UBS confirms its buy rating on the stock, along with its $500 target price after the group announced its Q3 2023 results.
The analyst welcomes the return to double-digit growth.
UBS points out "A strong print with better subscribers, accelerating revenue growth and strong margin/FCF commentary".
Netflix reported Q3 EPS of $3.73, up 20% y-o-y and ahead of consensus. The group recorded a 10.8% increase in the number of subscribers to 247 million.
Netflix anticipates Q4 EPS of $2.15, an operating margin of 13.3%, revenues of around $8.69bn and operating profit of $1.16bn.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst welcomes the return to double-digit growth.
UBS points out "A strong print with better subscribers, accelerating revenue growth and strong margin/FCF commentary".
Netflix reported Q3 EPS of $3.73, up 20% y-o-y and ahead of consensus. The group recorded a 10.8% increase in the number of subscribers to 247 million.
Netflix anticipates Q4 EPS of $2.15, an operating margin of 13.3%, revenues of around $8.69bn and operating profit of $1.16bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.