It can be. But when thawed the texture is changed. If you do freeze use only in cooked dishes.
Sums it up well: https://www.cooksillustrated.com/how_tos/6576-freezing-cream-cheese
Every time I freeze cream cheese, its texture changes when
it is thawed. You can no longer whip it to make cheesecake because it does not
turn into that smooth cream you need. It can be used for cooking though. If you
are not going to bake with it, then you can store it in the freezer without any