Wall Street analysts think Netflix (NFLX) will post its second quarter in a row of big subscriber gains thanks to the stay-at-home entertainment boom during the Covid-19 coronavirus pandemic. Netflix stock is in record high territory ahead of the company's June-quarter earnings report next week.
Los Gatos, Calif.-based Netflix plans to release its second-quarter results on July 16.
However, some analysts are raising the caution flag for Netflix stock, given its steep run-up lately.
"Netflix is a Covid-19 beneficiary, but we believe this is already factored into the stock and therefore we struggle to see the upside from here," Rosenblatt Securities analyst Bernie McTernan said in a note to clients late Tuesday.
Wall Street analysts think Netflix (NFLX) will post its second quarter in a row of big subscriber gains thanks to the stay-at-home entertainment boom during the Covid-19 coronavirus pandemic. Netflix stock is in record high territory ahead of the company's June-quarter earnings report next week.