Price Target Raised: UBS raises Netflix PT to $685 (from $570), maintaining a Buy rating and identifying the streaming giant as the ‘ultimate beneficiary’ of media industry shifts.
Sustainable Growth: UBS projects “sustainable double-digit growth” for Netflix, recognizing its adaptability to evolving industry dynamics.
Strategic Shifts: Despite a slower net adds pace, UBS highlights Netflix’s “significant runway” through user transitions to paid subs and targeting new demographics.
Revenue Growth in ’24: With plans for price hikes and ad platform expansion, UBS expects Netflix to undergo “accelerating revenue growth in ’24.”
Profitability in Media Sector: UBS positions Netflix as the “ultimate beneficiary” in the media sector, leveraging strategies like content licensing and platform consolidation. (Analyst John Hodulik)
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