Netflix Stock Hits Record High, Gets Bullish Price Target From Jefferies
Key Takeaways
- Jefferies raised its price target for Netflix stock to $1,400, which implies a 15% return from where shares closed Tuesday and is well above Visible Alpha’s consensus price target.
- Netflix is expected to benefit from a lineup of strong releases, future price increases, and improving ad revenue, analysts said.
- They estimate Netflix may bring in as much as $10 billion in ad revenue through 2030.
- Netflix shares hit a record high during Tuesday’s session before closing fractionally lower.
There’s a lot for investors to tune into at Netflix, Jefferies said.
Jefferies reiterated its “buy” rating of Netflix (NFLX) stock Tuesday, saying a solid release lineup, additional price increases and ad revenue are likely to…
