Netflix (Nasdaq: NFLX) returned to the spotlight after the central research raised its target price to $ 1,600, up from $ 1350, while maintaining a purchase classification.
It is worth noting that this step makes one of the most optimistic axes between the main analysts and reflects the growing confidence in the long -term growth story of Netflix.
Wells Fargo also joined the optimism wave on June 20, raising its target price from $ 1,222 to $ 1500 and a repeated weight gain classification. Analysts in both companies refer to the expanded Netflix liquefaction strategies, especially in the content of short stories, sports and advertising, as a major engine for future aspects.
Diana Paltir, the market analyst in Weinold, said:
“Netflix is carried out through multiple growth tankers, international expansion, advertising, and now short -in -form content. We believe that these factors will go alongside the current market expectations.”
The squid game can enhance NFLX share in short -term
At the same time, the next season of Squid gameIt is expected that the first show later this month will provide an additional boost. The privilege has proven to be one of the most powerful fans in Netflix.
The first season reached more than 142 million families in its first 28 days, and got 1.65 billion hours, making it the launch of the most viewed platform at that time. The latest version of the second season was broken in December 2024 other records, as it drew 68 million views in the first three days and 132 million hours of display in the opening week.
These nails were translated into participation into subscriptions. In the fourth quarter 2024, Netflix 18.9 million subscribers, the largest quarterly gain in its history, added partially to Squid game Complementing and focusing the company on live events and sports.
As of Friday morning, June 20, Netflix shares were traded at $ 1,244.43, an increase of 0.36 % in the open market.
The arrow has been steadily gained in recent months, with the support of strong profits, improving margins, and an increasing international space.
