Netflix (NFLX) currently holds an average brokerage recommendation (ABR) of 1.91 on a scale from 1 to 5, with 39 brokerage firms contributing to this rating. This indicates a consensus leaning towards “Buy,” with 21 out of 39 recommendations classified as “Strong Buy” (53.9%) and 2 as “Buy” (5.1%).
Recent data shows that analysts’ earnings estimates for Netflix have increased by 0.1% over the past month, bringing the Zacks Consensus Estimate for the current year to $18.31. This growth, along with positive revisions from analysts, has earned Netflix a Zacks Rank of #1 (Strong Buy).
Despite the Buy-equivalent ABR, analysts often display a positive bias due to their firms’ interests, which may mislead investors. Therefore, combining this information with other indicators like the Zacks Rank, which is based on earnings estimate revisions, could lead to more informed investment decisions.
