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Netflix remains a top pick at JPMorgan despite recent rally
The Fly

Netflix remains a top pick at JPMorgan despite recent rally

JPMorgan analyst Doug Anmuth says Netflix (NFLX) shares are up 21% since the Q3 earnings report as investor sentiment remains strong on the Q4 content slate. There is confidence in Netflix meeting and beating its 11%-13% 2025 revenue outlook and 28% 2025 operating margin guide, while delivering meaningful free cash flow growth, the analyst tells investors in a research note. The firm believes the company’s 2025 revenue will be supported by healthy organic and secular growth, ramping advertising contribution, and price increases. Netflix’s organic growth “remains healthy,” contends JPMorgan. It keeps an Overweight rating on the shares with an $850 price target saying the stock remains a top pick.

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