Netflix's Cash Flow Potential - Analyst Eyes Q4 Upside In The Thick Of Password-Sharing Crackdown
Portfolio Pulse from Anusuya Lahiri
Wedbush analyst Michael Pachter reiterated Netflix Inc (NASDAQ: NFLX) with an Outperform and a $525 price target. Pachter believes Netflix can generate significantly more free cash flow than its guidance suggests, and its ad-supported tier and password-sharing crackdown should further boost cash generation. Pachter's positive thesis on Netflix partially relies on the password sharing crackdown driving subscribers higher and ARPU higher, which should begin in Q4. Bernstein analyst Laurent Yoon initiated coverage on Netflix with a Market Perform rating and a price target of $375. Seaport Global analyst David Joyce initiated coverage on Netflix with a Buy rating and a price target of $482.
October 06, 2023 | 7:22 pm
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Analysts have reiterated or initiated coverage on Netflix with positive ratings and price targets ranging from $375 to $525. The company's potential for increased cash flow and subscriber growth due to its password-sharing crackdown is seen as a positive factor.
The news is directly about Netflix and its potential for increased cash flow and subscriber growth. Analysts' positive ratings and higher price targets suggest a bullish outlook for the company, which could drive its stock price up in the short term.
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IMPORTANCE 80
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