Loop Capital analyst Alan Gould raised the firm's price target on Netflix to $800 from $750, citing its dominant position in the streaming sector and anticipated industry consolidation.
Improving fundamentals could drive more upside for shares of Netflix , according to Loop Capital. Analyst Alan Gould upped the firm's price target on the streaming company to $800 from $750 a share, citing its superior position in the sector. The new target reflects 13% upside from Tuesday's close. To be sure, Gould noted that shares have outperformed the S & P 500 by rallying 45% and look expensive at 30 times 2025 EPS estimates.
'We anticipate further consolidation of the traditional studios and are seeing more rationale pricing which should lead to a more profitable industry environment.' Gould also lifted third-quarter subscriber and revenue estimates to reflect solid viewership trends. He also anticipates a potential standard tier price increase ahead of full content slate that includes 'Squid Games 2' in December.
Netflix Streaming Earnings Price Target Growth
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