Netflix Stock Receives Big Price Target Raise on Live Events

Key Takeaways

• Oppenheimer boosted Netflix's worth goal, pointing to the advantages of the most important streaming service's stay occasions.
• The analysts raised the worth goal to $1,065 from $825, the very best of all analysts who cowl the inventory tracked by Seen Alpha.
• Oppenheimer mentioned Netflix "stays the one investable mainstream media inventory."

Netflix’s (NFLX) worth goal obtained a giant enhance from Oppenheimer on excessive demand for the most important streaming service’s stay occasions.

Oppenheimer analysts led by Jason Helfstein raised the worth goal to $1,065 from $825, the very best of all analysts who cowl the inventory tracked by Seen Alpha. They saved the "outperform" score on the inventory.

The analysts wrote in a be aware to shoppers that they have been revisiting their “bull case” as a result of within the near-term, they “expect positive commentary from NFL Christmas Day games similar to Paul/Tyson, driving sentiment into 4Q earnings.”

JPMorgan Not too long ago Elevated Its Netflix Price Target

Final week, JPMorgan elevated its worth goal to $1,010 from $850, making an identical argument about Netflix’s programming, together with the Jake Paul/Mike Tyson boxing match. 

Oppenheimer mentioned Netflix "stays the one investable mainstream media inventory" as a result of its competitors continues to weaken, and it’s benefiting already from industry-low churn that’s lifting content material value leverage. As well as, the analysts pointed to "upside to monetization and subscribers estimates as the corporate has confirmed it may be a platform for stay occasions." They argued these stay choices additional allowed for subscriber growth of greater than 500 million households worldwide.

Shares of Netflix, which edged larger in latest buying and selling, hit an all-time excessive final week and are up almost 90% this yr.

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