Netflix's (NFLX) business is predictable as measured in quarters and is "relatively" resilient in a tougher macro, Morgan Stanley said in a note Monday.
The investment bank noted that the company's Q1 revenue and Q2 revenue outlook were "modestly ahead" of consensus.
Morgan Stanley added that the company is tracking above the mid-point of its full-year guidance of reported revenue growth of 12% to 14% as foreign exchange is currently a tailwind.
The Wall Street firm raised its Netflix EPS forecasts by 2% to 3% on average compared with prior published estimates over the next three years.
Morgan Stanley also raised its price target on Netflix to $1,200 from $1,150 and maintained its overweight rating.
Netflix shares were up 1.7% in recent Monday trading.
Price: 996.91, Change: +23.88, Percent Change: +2.45
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。