Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Netflix (NFLX) to $1,250 from $1,100 and keeps a Buy rating on the shares. The company last night “reported yet another strong quarterly result,” highlighted by “blowout” 19M net new subscribers and higher than forecast Q4 revenue growth, the analyst tells investors in a research note. The firm says Netflix;s 2024 operational and financial results “make it abundantly clear” that the company is demonstrating “massive scale” as it continues to produce strong subscriber results and large free cash flows with the ability to invest to accelerate that growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix Wins a New Street-High PT from Pivotal Research on Record Earnings
- Netflix upgraded to Equal Weight from Underweight at Barclays
- Netflix Reports Strong Growth and Future Plans
- Netflix should have positive reaction to Q4 earnings, says Goldman Sachs
- Closing Bell Movers: Netflix soars 14% after earnings beat