Netflix: Jefferies raise TP
(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Netflix shares with a target price raised from $655 to $780, deeming the video streaming platform well positioned to again exceed subscription expectations in Q2.
The broker highlights near-term upside potential thanks to strong content releases, such as Bridgerton, NFL games and Squid Game, as well as the success of password-sharing initiatives.
Looking ahead, Jefferies sees content releases scheduled for H2 2024 supporting growth. Consequently, it is increasing its full-year subscription assumption by 1.3 million.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker highlights near-term upside potential thanks to strong content releases, such as Bridgerton, NFL games and Squid Game, as well as the success of password-sharing initiatives.
Looking ahead, Jefferies sees content releases scheduled for H2 2024 supporting growth. Consequently, it is increasing its full-year subscription assumption by 1.3 million.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.