Wells Fargo: Subscription base is stable, raise Netflix target price to $400

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Wells Fargo: Subscription base is stable, raise Netflix target price to $400

智通财经网2022-12-09

On December 9, Wells Fargo released a research report stating that it upgraded Netflix's rating from "hold and see" to "overweight" and raised its target price from $300 to $400. Analyst Steve Cahall believes that better content, as well as the company's new ad-supported subscriptions and paid account sharing, will help improve the company's user base. Cahall noted that while competition has intensified, COVID-19 pandemic's early boost has faded and content growth has slowed, there is still "room" for the company's key performance indicators to beat expectations in 2023. Netflix shares are down about 48% so far this year...

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秋诗
·2022-12-09
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