Reported 6 months ago
Wall Street analysts, including Morgan Stanley's Benjamin Swinburne, are bullish on Netflix, maintaining an Outperform rating and a $850 price target due to the company's position as both a driver and beneficiary of industry disruption. Swinburne predicts a 30% upside for Netflix based on current trading levels, expecting over 30 million subscriber net additions this year and double-digit revenue growth in 2025. Initiatives such as a potential advertising tier and a password sharing crackdown, along with new content like live programming and gaming, are contributing to Netflix's positive momentum. The company's competitive edge in the streaming landscape and ability to break industry norms are also highlighted, leading to a 35% year-to-date increase in Netflix's stock.
Source: YAHOO