Netflix price target raised to $1,150 from $1,000 at JPMorgan

JPMorgan analyst Doug Anmuth raised the firm’s price target on Netflix (NFLX) to $1,150 from $1,000 and keeps an Overweight rating on the shares following last night’s results. The firm says one way to eliminate the concerns around high expectations and currency headwinds “is to simply put up results that make them not much of a factor at all.” Netflix did just that, adding almost 19M subscribers in Q4 and increasing its 2025 outlook for both reported revenue and operating margin, the analyst tells investors in a research note. JPMorgan believes Netflix enters the new year “firing on all cylinders,” as it is benefiting from an “extremely strong” content slate, seeing increased engagement per member household and healthy retention, raising prices in key markets.