Netflix: Wedbush remains positive after quarterly results
(CercleFinance.com) - Wedbush has reiterated its 'outperform' rating on and $725 target price for Netflix shares, the day after the streaming video platform published better-than-expected quarterly results, coupled with an increase in forecasts.
The broker highlights advertising revenues, which it expects Netflix to accelerate its contribution to revenues next year, and which should become the main driver of its growth in 2026.
Netflix has found the right formula with global content creation, cost balancing and increased profitability, judges the broker, which sees it continuing to extend its profitability and generate growing free cash flow.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid 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 advertising revenues, which it expects Netflix to accelerate its contribution to revenues next year, and which should become the main driver of its growth in 2026.
Netflix has found the right formula with global content creation, cost balancing and increased profitability, judges the broker, which sees it continuing to extend its profitability and generate growing free cash flow.
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 a decision-making aid 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.