Netflix Likely For Upsurge by FY25 As Subscribers Lap Up Paid Sharing: Oppenheimer
Portfolio Pulse from Anusuya Lahiri
Oppenheimer analyst Jason Helfstein reiterated an Outperform rating for Netflix Inc (NASDAQ:NFLX) with a $515 price target. He predicts a positive impact from paid sharing and advertising initiatives, which should boost revenue by ~40% vs. FY22. Helfstein estimates that revenue from these sources will increase from 1% in 2Q to 17% in FY25. He also expects Netflix to recapture 46% of the estimated 100 million account sharers by the end of FY25. The analyst sees a buying opportunity in the ~15% sell-off since 2Q reporting.
August 23, 2023 | 4:45 pm
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Netflix is expected to see a significant revenue boost from paid sharing and advertising initiatives, according to Oppenheimer analyst Jason Helfstein. He reiterated an Outperform rating for the company with a $515 price target.
The analyst's positive outlook on Netflix's revenue growth from paid sharing and advertising initiatives, along with the reiteration of an Outperform rating and a high price target, suggest a positive short-term impact on the company's stock. The recent sell-off also presents a buying opportunity, according to the analyst.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100