Netflix, Inc. (NFLX) currently holds an average brokerage recommendation (ABR) of 1.91, indicating a consensus between Strong Buy and Buy based on recommendations from 39 brokerage firms. Specifically, 21 firms have rated it as Strong Buy, while 2 have placed a Buy rating, accounting for approximately 53.9% and 5.1% of total recommendations, respectively.
In recent developments, the Zacks Consensus Estimate for Netflix’s earnings has increased by 4.2% over the past month, now projected at $19.08. This uptick in earnings estimates, supported by robust agreement among analysts, contributes to Netflix’s Zacks Rank of #2 (Buy), suggesting potential upward movement in stock price. Investors are advised to corroborate brokerage recommendations with independent research, as brokerage ratings may be biased.
The ongoing optimism regarding Netflix’s earnings prospects stands in contrast to concerns about the reliability of typical brokerage recommendations, which can often be overly optimistic due to inherent conflicts of interest.
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