CFRA analysts to bet on Netflix shares
2022.12.29 14:45
CFRA analysts to bet on Netflix shares
Budrigannews.com – Netflix shares were double-upgraded by CFRA analysts (NASDAQ:) in a note to clients on Thursday, the company upgraded its price target for the stock from $225 to $310, moving it from Sell to Buy.
The stock of Netflix has gained over 4% at the time of writing as a result of the upgrade, adding to its recent rise. However, this year it has decreased by more than 50%.
The analysts stated in their report that “we think it will be difficult for competitors to catch NFLX, one of the few profitable streaming providers with global scale.”
They anticipate upcoming catalysts from the company’s ad-support subscriber tier and “new paid sharing efforts to better control sharing of subscription accounts,” which they believe will support subscriber trends.
More https://budrigannews.com/netflix-stocks/
Oppenheimer analysts reaffirmed the firm’s Outperform Netflix position ahead of the Christmas break. “NFLX stock will be driven by subs, not revenue,” the analysts said in response to a Digiday article that said the streaming giant was having trouble with its new advertising tier’s execution.
