Netflix: Wedbush still a buyer
(CercleFinance.com) - Wedbush maintains its Outperform rating on Netflix shares, along with its target price of $410.
Netflix is on Wedbush's Best Ideas list, "given our view that the company can generate significantly more free cash flow than its guidance suggests".
For the analyst, Netflix has hit the right formula with its global content to balance costs and generate growing profitability. "While its ad-supported tier and password sharing crackdown should further boost cash generation," it adds.
"We think Netflix is wellpositioned in this murky environment as streamers are shifting strategy, and should be valued as an immensely profitable, slow-growth company," the broker adds.
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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.
Netflix is on Wedbush's Best Ideas list, "given our view that the company can generate significantly more free cash flow than its guidance suggests".
For the analyst, Netflix has hit the right formula with its global content to balance costs and generate growing profitability. "While its ad-supported tier and password sharing crackdown should further boost cash generation," it adds.
"We think Netflix is wellpositioned in this murky environment as streamers are shifting strategy, and should be valued as an immensely profitable, slow-growth company," the broker adds.
Copyright (c) 2023 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.