Netflix Streaming Dominance To Continue: Why One Analyst Thinks Revenue, Subscribers Could Beat Estimates Going Forward
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) is expected to continue its streaming dominance, with an analyst from Oppenheimer, Jason Helfstein, raising the price target from $615 to $725. Helfstein cites potential revenue and subscriber growth beyond Street estimates, driven by converting shared customers to paid plans, advertising growth on cheaper plans, and content advantages. Netflix ended Q4 with 260.28 million global paid subscribers and is anticipated to outperform with upcoming price increases in key markets and improved ad monetization.
March 12, 2024 | 4:58 pm
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Netflix's price target has been raised from $615 to $725 by Oppenheimer analyst Jason Helfstein, who highlights potential for subscriber and revenue growth beyond expectations.
The raised price target and optimistic outlook from a reputable analyst could lead to increased investor confidence in Netflix. The focus on converting shared customers to paid plans, advertising growth, and content advantages are key factors that could drive Netflix's stock price up in the short term. Additionally, Netflix's strategic price increases in major markets and its superior content monetization strategy further support the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100