Rosenblatt Securities Maintains Neutral Rating on Netflix Ahead of Earnings Report

Rosenblatt Securities maintains a Neutral rating and $554.00 price target on Netflix ahead of earnings, citing cautionary and constructive themes. Analyst forecasts show a potential decrease in net subscriber additions for Q1 2024, with uncertainties post-pandemic. Despite premium valuation metrics, Netflix’s strong position in the Entertainment industry and impressive returns over the past year support a neutral outlook.