Pivotal Research raises Netflix's price target to $765, citing improved subscription growth prospects.
Pivotal Research raised Netflix's (NFLX) price target to $765, a new Wall Street high, citing "continued solid momentum in the core business". The firm presently has a "buy" rating on the stock. Analyst Jeffrey Wlodarczak expects Netflix to add 19.5 million subscribers this year, up from a previous view of 18.2 million. By 2030, it should have roughly 356 million paying subscribers, up from a prior view of 347 million.
April 05, 2024
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