Pivotal Research increases Netflix’s price target to $765, marking a street-high, up from $700.
The analyst remarks, “Our optimistic investment stance remains steady; Netflix has emerged victorious in the streaming competition, and their consistent growth in subscribers, average revenue per user, and free cash flow should propel the stock upward.”
“For Netflix $NFLX, the crucial strategy moving forward is to capitalize on their strengths and maintain momentum. As they expand, they gain increased leverage over competitors and content creators, enhancing their product quality to drive growth in subscribers and average revenue per user. This, in turn, solidifies their competitive edge and strengthens their core business model.”
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