Netflix rises as MoffettNathanson upgrades to 'buy'
ReutersMar 17, 2025 11:23 AM
Shares of streaming giant Netflix NFLX.O rise 1.4% to $930.5 in premarket trading
MoffettNathanson upgrades to "buy" from "neutral", hikes target price by $250 to $1,100; new PT represents an upside of 19.8% as of last close
"Despite all of Netflix's recent success in reinvigorating growth, we believe its engagement will allow the company to better monetize and unlock greater profits in the years ahead," brokerage says
MoffettNathanson forecast NFLX will generate more than $6 bln in advertising revenue in 2027 and about $10 bln by 2030
34 of 47 brokerages rate the stock "buy" or higher, 13 "hold"; their median PT is $1,100, as per LSEG data
Stock had risen 83% in 2024
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