Netflix Readies Q2 Report As Wall Street Anticipates Strong Kickoff To Earnings Season

Netflix is due to report second-quarter results after the close of trading Thursday, with Wall Street eagerly anticipating a strong kickoff to media earnings season from the giant streamer. “Currently, we see no scaled global streaming competitor,” said Oppenheimer analyst Jason Helfstein in a recent note to clients, with an “outperform” rating and a higher stock price target of $1,425. “Outlook remains ironclad.” Helfstein and other analysts cite positives like viewership gains, a well-positioned ad tier, ...