Netflix price target raised to $1,200 from $1,120 at Argus

Argus analyst Joseph Bonner raised the firm’s price target on Netflix (NFLX) to $1,200 from $1,120 and keeps a Buy rating on the shares. Netflix maintained its full-year guidance, proof of the company’s resilience in an extraordinarily uncertain time for the macroeconomy, the analyst tells investors in a research note. Netflix’s value proposition versus other entertainment options remains intact, as does its place as the largest long-form video streamer, and Argus believes its most recent price increase in January will provide a tailwind to revenue in 2025, even as margins moderate int he second half of the year.