Netflix: BoA raises target price

(CercleFinance.com) - The Netflix stock has increased almost 9% over the past week, having risen by 21% since 1 January 2023.


On Friday BoA increased its target price for the share to 410 dollars (from 370 dollars), while reiterating its buy rating on the stock.

In a report, the analyst points out that the video-on-demand specialist reported "solid" Q4 results on Thursday, with 7.7 million new subscribers in net terms in the last quarter, while it had expected only 4.5 million.

BofA notes that the California-based group also unveiled a "particularly robust" outlook for FY 2023, increasing its forecast for its operating margin raised to between 18% and 20%.


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