Netflix: Jefferies raises target price

(CercleFinance.com) - Jefferies confirms its 'buy' recommendation on Netflix shares, with a target price raised from $1,000 to $1,200, after a 'nearly flawless' Q4 2024 with 19 million net subscribers gained, the highest number of net adds in the company's history.


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

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


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