Needham analyst Laura Martin raised the firm’s price target on Netflix (NFLX) to $1,500 from $1,126 and keeps a Buy rating on the shares. The increased fiscal 2026 estimates citing Netflix’s “strong” labor productivity trends. Of the nine large cap content creator companies Needham covers, Netflix reported the highest revenue per full time equivalent in fiscal 2024, at $2.78B. Netflix was materially more productive than Apple (AAPL), Meta (META) and Alphabet (GOOGL), the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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’s Superior Labor Productivity Drives Buy Rating
- Netflix’s Balanced Prospects: Impressive Growth Amidst High Valuation and Competitive Challenges
- Netflix price target raised to $1,390 from $1,070 at KeyBanc
- Netflix (NFLX) Raises the Stakes Ahead of Next Week’s Q2 Earnings Call
- Netflix price target raised to $1,100 from $1,000 at Barclays