The firm's upside shows shares could rally 17%.
The successful execution of Netflix 's advertising-enabled subscription tier and paid sharing crackdown is among the major reasons Baird believes shares could trade at a price not reached in more than a year. Senior analyst Vikram Kesavabhotla upgraded the streaming stock to outperform and raised his price target by $160 per share to $500. Kesavabhotla's new target implies the stock could rally 17% from Friday's close to trade at a price not seen since early 2022.
mountain Netflix over the past half decade "Our constructive stance is driven by increased confidence in the company's execution around new initiatives and a strengthening financial profile that should further improve investor sentiment over time," Kesavabhotla said in a note to clients Sunday.
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