One in all Wall Road’s largest Netflix (NFLX) bulls is much less bullish forward of the streaming big’s earnings subsequent week—however not by a lot. And it hasn’t stopped the inventory from rising at present.

Analysts at Oppenheimer led by Jason Helfstein on Wednesday trimmed their $1,065 worth goal on Netflix by only a contact, chopping it to $1,040 whereas sustaining an «outperform» ranking on the shares. The brand new goal is about 25% above Tuesday’s shut, 15% increased than the Seen Alpha imply close to $905, and tied with one different analyst for the best tracked by the aforementioned service. 

Shares of Netflix are climbing at present, with the inventory just lately up greater than 2% as broader markets rose. Traders are possible looking forward to the corporate’s subsequent spherical of quarterly monetary outcomes, due Tuesday after the closing bell, which is able to mark one of many key moments of the beginning of tech-industry earnings season. 

The corporate in October informed buyers to count on 15% fourth-quarter income progress—implying a quantity above $10 billion—and sequential progress in paid web subscriber additions. That first determine compares with Seen Alpha’s imply income estimate of $10.1 billion. (You possibly can learn our protection of Netflix’s third-quarter results here.)

Oppenheimer, for its half, bases its warning largely on the outlook for 2025 income on account of a strong U.S. dollar. The shares, in the meantime, whereas within the pink this 12 months to date, are up some 70% over the previous 12 months.