Reported 3 days ago
Netflix's stock has surged 86% in 2024, with a new price target of $1,000 set by KeyBanc's Justin Patterson. He highlights the company's focus on live sports, including events like the Women's World Cup, which are expected to boost subscriber growth and advertising revenue. Patterson anticipates a significant monetization shift for Netflix by 2025, driven by improving free cash flow and upcoming content, making the company's growth trajectory compelling.
Source: YAHOO