The post Analysts revise Netflix stock price target appeared on BitcoinEthereumNews.com.

Netflix (NASDAQ: NFLX) is grabbing headlines once again as analysts from top Wall Street firms revise their stock price targets following the company’s impressive Q3 2024 earnings. Netflix is currently at an all-time high on October 18, with NFLX shares trading hands at $753.72, up +$66.06 (9.61%) from the previous close, at the time of publication. Netflix 1-day stock price chart. Source: Finbold The streaming giant’s strong quarterly performance, which saw profits soar by 41% and the addition of 5.1 million new subscribers, has fueled optimism for the final quarter of the year. Analysts set Netflix stock price targets In light of these developments, several leading analysts have updated their price targets. Brian Pitz from BMO Capital raised his target to a range of $770 to $825, maintaining a Buy rating with a 10.02% upside.  Doug Anmuth of J.P. Morgan is even more bullish, raising his target from $750 to $850, marking a 13.35% upside. J.P. Morgan highlighted that Netflix provided an earlier-than-anticipated forecast for its 2025 revenue, projecting $43 billion to $44 billion, which represents a growth range of 11%-13%.  The company also set expectations for an operating margin of 28%. J.P. Morgan emphasized that Netflix remains one of its top picks, citing these strong growth projections and operational improvements. Elsewhere, Benjamin Swinburne of Morgan Stanley set his price target at $830, reiterating his Buy rating and projecting a 10.68% upside. Jason Helfstein from Oppenheimer also reiterated a Buy rating with a price target of $825, seeing a 10.02% upside.  Netflix bears  On the more cautious side Brian White of Monness maintained a Hold rating without issuing a price target, reflecting a more conservative outlook amid concerns of potential competition and ARPU pressures.  Kannan Venkateshwar of Barclays remains the outlier, reiterating a ‘Sell’ rating with a target of $550,…

---

Filed under: News - @ October 18, 2024 4:20 pm