Netflix: price target raised at Jefferies

(CercleFinance.com) - Jefferies reaffirms its 'buy' recommendation on Netflix, with a price target raised from $1,000 to $1,200, after a 'nearly flawless' fourth quarter 2024 with 19 million net subscribers gained, the highest number of net additions in the company's history.


"We were encouraged to learn that no single program (i.e. Tyson-Paul fight, NFL games) alone carried this outperformance, which makes us more confident in the subscriber trajectory," adds the broker.

Also noting that management has raised its revenue guidance for 2025 by $0.5 billion, to growth of 12% to 14% (14% to 17% excluding currency effects), Jefferies raises its EBITDA estimates for fiscal 2025 and 2026 by 3%.

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