Netflix price target raised to $1,065 from $825 at Oppenheimer

December 17, 2024

Oppenheimer analyst Jason Helfstein raised the firm’s price target on Netflix (NFLX) to $1,065 from $825 and keeps an Outperform rating on the shares. The firm believes Netflix remains the only investable mainstream media stock driven by competition continuing to weaken, benefiting already industry-low churn and driving content cost leverage; and upside to monetization and subscribers estimates as the company has proven it can be a platform for live events further unlocking over 500M global hous Read More...

https://www.tipranks.com/news/the-fly/netflix-price-target-raised-to-1065-from-825-at-oppenheimer

Oppenheimer analyst Jason Helfstein raised the firm’s price target on Netflix (NFLX) to $1,065 from $825 and keeps an Outperform rating on the shares. The firm believes Netflix remains the only investable mainstream media stock driven by competition continuing to weaken, benefiting already industry-low churn and driving content cost leverage; and upside to monetization and subscribers estimates as the company has proven it can be a platform for live events further unlocking over 500M global households. Near term, Oppenheimer expects positive commentary from NFL Christmas Day games similar to Paul/Tyson, driving sentiment into Q4 earnings.

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