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Netflix price target raised to $830 from $820 at Morgan Stanley
The Fly

Netflix price target raised to $830 from $820 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Netflix (NFLX) to $830 from $820 and keeps an Overweight rating on the shares. Q3 results and Q4 guidance were ahead of expectations while Netflix guided to “another year of healthy double digit revenue growth and margin expansion,” notes the analyst, who adds that Netflix is “poised to remain the largest and fastest growing streaming service in the world as it heads into 2025” with an ability to grow earnings 20%-30% annually over time by layering on additional growth levers, such as paid sharing, ads, live content and games.

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