Analyst Laurent Yoon from Bernstein maintained a Buy rating on Netflix and keeping the price target at $1,390.00.
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Laurent Yoon has given his Buy rating due to a combination of factors that highlight Netflix’s potential for continued growth. Despite mixed Q2 results and guidance, Netflix has shown resilience, with its stock not declining further due to strategic positioning and fear of missing out (FOMO) among investors. Historically, Netflix experiences higher member growth in the second half of the year, driven by marketing efforts and a robust content lineup, which is expected to enhance revenue and margin expansion.
Furthermore, Netflix’s longer-term growth prospects remain strong, supported by its engagement, subscriber base, and pricing strategies. The anticipation of a stronger performance in the latter half of the year is likely to keep investors interested, with any potential dips viewed as buying opportunities. Laurent Yoon maintains an Outperform rating for Netflix, with a price target of $1390, reflecting confidence in the company’s ability to leverage its growth narrative and deliver solid returns.
In another report released on August 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $1,371.00 price target.