Analyst revises Netflix price target amid ‘growing ad revenue'
Portfolio Pulse from
J.P. Morgan has increased its price target for Netflix from $850 to $1,010, citing growing ad revenue. This has led Netflix to reach a new all-time high of $940.
December 12, 2024 | 11:45 am
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J.P. Morgan raised its price target for Netflix from $850 to $1,010 due to growing ad revenue, pushing the stock to a new all-time high of $940.
The increase in price target by a major financial institution like J.P. Morgan is a strong positive signal for investors, indicating confidence in Netflix's future performance. The mention of growing ad revenue suggests a new revenue stream that could enhance profitability, justifying the higher price target and contributing to the stock's new all-time high.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100