Reported 2 days ago
DBS analyst Sachin Mittal raised Netflix's target price from $1,195 to $1,416, citing robust subscriber momentum and financial performance. This decision follows Netflix's commitment to invest $1 billion in Spanish content by 2029, reflecting the growth in viewership from Spanish programming. While noting potential risks in mature markets, the analyst highlighted Netflix's strategies, including ad-supported plans and efforts to curb password sharing, which may drive future revenue growth.
Source: YAHOO