It won't be that's just based in the US.Īnd then another thing to note is we're seeing industry wide layoffs across the board in media. He also called out the ongoing writers strike and how that could serve as a near-term tailwind, given Netflix's long programming lead time, deep library, and exposure to more international content, which is currently not impacted by the strike. If they do that, Helfstein argues that would boost average revenue per subscriber and unlock about $4.4 billion in annual revenue. They're currently testing that in Canada. He also called out the possibility of the company discontinuing its lowest priced ad-free plan. Now, Helfstein cited a few areas of growth for the company like the bullish data surrounding the password sharing crackdown. But Pivotal Research currently has the highest outlook on Wall Street at 535 bucks a share, so potentially even more room to run on this stock, which is already up more than 45% year-to-date.Īs you're seeing on your screen now, according to data from Bloomberg, Netflix has about 28 buy ratings, 24 holds, and just four sells. Now, Oppenheimer's Jason Helfstein now joins three other analysts for that $500 price target, which is a second highest price target on the street- Cowen's John Blackledge, Guggenheim's Michael Morris, and Wells Fargo Steve with that $500 price target. The bulls are out when it comes to Netflix.
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