Reported 1 day ago
MoffettNathanson analyst Robert Fishman has upgraded Netflix's stock to 'Buy' from 'Neutral', raising the price target to $1,100 due to the company's success in the streaming market. He emphasizes Netflix's ability to monetize its growing subscriber base, which has reached nearly 302 million, and cites future growth potential from its ad tier and content strategy. Despite recent market challenges, Fishman forecasts improved operating margins and further subscriber growth driven by enhanced engagement and increased pricing power.
Source: YAHOO