Analyst Laurent Yoon of Bernstein maintained a Buy rating on Netflix (NFLX – Research Report), with a price target of $1,200.00.
Laurent Yoon’s rating is based on a combination of factors that highlight Netflix’s strong fundamentals and growth potential. Despite recent stock volatility and macroeconomic uncertainties, Yoon emphasizes that Netflix’s top-line growth, primarily driven by subscriber increases, significantly outpaces its content spending, resulting in expanding margins that are among the best in the industry.
Furthermore, Yoon points out that Netflix offers exceptional value for money, with high engagement levels and cost-effectiveness, which suggests strong pricing power in the future. He also notes the potential for further international market penetration, as many regions remain under-penetrated, providing additional growth opportunities. These factors collectively support Yoon’s bullish outlook and justify the Buy rating for Netflix’s stock.
NFLX’s price has also changed moderately for the past six months – from $686.800 to $919.680, which is a 33.91% increase.
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