Analyst Stays Bullish On Netflix, Sets $1,200 Price Target: Formula 1 Racing, Video Podcasting To Expand Total Addressable Market

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Analyst Stays Bullish On Netflix, Sets $1,200 Price Target: Formula 1 Racing, Video Podcasting To Expand Total Addressable Market - Benzinga

Quick Summary:

Bernstein SocGen Group has reiterated its positive stance on Netflix Inc. (NASDAQ:NFLX), maintaining an Outperform rating and a price target of $1,200

What Happened: Bernstein SocGen Group’s analyst, Laurent Yoon highlighted the recent 40% price increase for Netflix’s standard tier in the U.S., which translates to a 7% CAGR in pricing since Q1 2020.

Although the average revenue per membership (ARM) has remained steady due to currency exchange fluctuations and the launch of an ad-supported tier, the analyst believes that average revenue per user (ARPU) could be a significant factor in driving future profit growth, reinforced by an increase in subscribers.