Citi analyst Jason Bazinet raised the firm’s price target on Netflix to $395 from $315 and keeps a Buy rating on the shares. Citi updated its model post the Q4 results saying Netflix expects revenue growth to accelerate over the course of the year. The analyst remains bullish on Netflix citing its "multi-year tailwinds" from the advertising tier, password-sharing crackdown, and the renewed focus from its rivals on profits.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NFLX:
- Netflix (NASDAQ:NFLX) Stock: Website Traffic Hinted at Strong Q4 Sales
- NFLX Earnings Push DIS, PARA Higher
- Netflix Stock: ‘Unquestionably Solid’ Q4 Earnings Merit a Price Target Hike, Says Analyst
- Netflix price target raised to $400 from $350 at Deutsche Bank
- Early notable gainers among liquid option names on January 20th