Needham analyst Laura Martin maintained a Buy rating on Netflix today and set a price target of $1,500.00.
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Laura Martin’s rating is based on Netflix’s impressive labor productivity, which is a significant indicator of the company’s overall efficiency and potential for financial returns. She highlights that Netflix has achieved the highest revenue per full-time equivalent (FTE) among the nine large-cap companies she covers, reaching $2.78 billion in FY24.
This level of productivity is notably higher than that of major companies like Apple, Meta, and Google. Such strong performance in revenue generation per employee suggests that Netflix employs high-quality, value-creating personnel, which is a crucial factor in her decision to assign a Buy rating.
In another report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $1,390.00 price target.