UBS has increased its price target for Netflix to $825, while maintaining a "Buy" rating for the streaming giant.
Analyst John Hodulik believes that Netflix will benefit from a more rationalized consumer content market, leading to continued double-digit growth and improved margins in the upcoming year.
Netflix shares are currently trading at around $772.12, with a slight increase of 0.01% in the pre-market session.
The stock has performed well over the past year, reaching a high of $772.88 and a low of $395.71.
The positive outlook for Netflix is supported by the report published on October 18, 2024.