Netflix To Become 'Default Choice' For TV, Movies? Analyst Predicts More Live Sports, Price Increases
Portfolio Pulse from Chris Katje
JPMorgan analyst Doug Anmuth maintains an Overweight rating on Netflix (NASDAQ:NFLX) with a $750 price target, citing potential price increases and ad-supported plan updates as catalysts. Anmuth is optimistic about Netflix's revenue growth, margin expansion, and free cash flow, predicting a strong fourth-quarter content slate and a push into live sports.
October 08, 2024 | 5:17 pm
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JPMorgan analyst Doug Anmuth reiterates an Overweight rating on Netflix with a $750 price target. He highlights potential price increases and ad-supported plan updates as catalysts for growth. Anmuth is bullish on Netflix's revenue growth, margin expansion, and free cash flow, with a strong fourth-quarter content slate and a push into live sports.
The analyst's reiteration of an Overweight rating and a high price target suggests confidence in Netflix's growth prospects. The potential price increases and ad-supported plan updates are seen as significant catalysts. The strong content slate and live sports push are expected to drive engagement and revenue, supporting the bullish outlook.
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