![]() and expectations for long-term sub growth internationally in existing and new markets," Blackledge wrote in a new note to clients.īlackledge added potential upside from the company's new ad tier is "likely still underappreciated" on Wall Street, stressing: "We view NFLX as the best 'recession play,' particularly as the ad tier is attractive for value conscious consumers."Īlexandra is a Senior Entertainment and Media Reporter at Yahoo Finance. Their average price target is 468.81, 12.69 higher than the current price of 416.03. (NFLX) stock quote, history, news and other vital information to help you with your stock trading and investing. Analyst consensus at TipRanks is a ‘moderate buy’ for the NFLX stock based on 34 analysts in the last three months. But to cross the 1 trillion mark, it needs to more than quadruple in value. The average analyst target price sees a 12 gain. ![]() "We view NFLX as a pioneer in online streaming, with further expected growth in subs in the U.S. Netflixs stock has rallied about 1,200 over the past decade. Blackledge reiterated his Outperform rating and hiked his price target to $405 from $340.īlackledge cited three main drivers for shares - free cash flow growth, re-accelerated revenue, and new monetization levers as the company cracks down on account sharing and further leverages its cheaper, ad-supported tier. According to the issued ratings of 38 analysts in the last year, the consensus rating for Netflix stock is Moderate Buy based on the current 2 sell ratings, 13. Netflix to release 'Glass Onion: A Knives Out Mystery' in select theaters for one week over Thanksgiving weekend (Courtesy: Netflix)Ĭowen analyst John Blackledge agreed Netflix will continue to be a leader in streaming, naming the stock the firm's top large cap pick for 2023. Netflix was the talk of Wall Street again on Friday, as several analysts raised their stock price targets after dissecting the streaming giant’s better-than-expected addition of 7.66 million.
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