Netflix Had an incredibly last quarter in 2024, and today the company – and its investors – is harvesting the prey.
Shares in Netflix (NFLX At Nasdaq) Skyrocketed $ 100 pieces on Tuesday afternoon after the publication of the company’s financial quarter. In a letter to the shareholders revealed Netflix Register growth of almost 19 million subscribersAbsolutely blows away the forecasts of media analysts. The Netflix revenue topped $ 10 billion, although its quarterly result decreased. Anyway, there is a fix for it: Netflix too announced price increases over each of its subscription plans. In turn, Netflix forecast better than the previously expected increase in revenue for the current quarter, first quarter of 2025. Wall Street Love themselves that.
How much? We can quantify it.
When the stock exchanges were opened this morning, NFLX shares almost $ 1,000 per piece (instead content with a maximum time of $ 999). Netflix’s market value is now north of $ 400 billion; Remember when BlockBustvideo transferred to buy the company to $ 50 million?
For a recent perspective on the increase in Netflix Valuation, autumn 2021, before The Great Netflix Correctionshares seemed to be on its way to $ 700. After reporting a shocking loss in subscribers During the first quarter of 2022, the NFLX shares fell below $ 200.
It’s been pretty comeback.
And media analysts see no roof. It’s not entirely correct – it’s more as if they just armed the roof to the roof line.
Jessica Reif Ehrlich, a research analyst for Bank of America and a regular interviewer on Netflix’s “call” (Netflix for many years conducted a pre -recorded video interview format and not a live call), already looked at NFLX at being worth $ 1,000; Now she is all the way up to $ 1,175.
Jason Högstein from Oppenheimer raised his own goal from $ 1,040 to $ 1,150. It is a popular price target (PT): Tim zero from Macquarie is at the same number, up from $ 965. Like Alicia Reese from Wedbush, now $ 200 over her previous $ 950 target; John Hodulic from UBS is also $ 1,150, up a whole $ 10 from his previous PT of $ 1,140.
Mark Mahaney from Evercore Isi is up from $ 950 to $ 1,100. Barton Crockett from Rosenblatt Securities is either Nuts or a Prophet – so as not to confuse with “win His pric goal all the way from $ 680 to $ 1,494.
Someone wakes the boys at Deutsche Bank: Bryan Kraft, Spencer Amer, Benjamin Soff and Victor-A Odiwuor is $ 875 per share. They are either late for the party or just slowly: DB’s previous NFLX PT was $ 650.
With $ 1,000 clearly in sight, Netflix may be on its way to its first part of a decade. Although none of this (from us) should be regarded as an investment council, does it have my indieview 401K who wonders: Where can I find a time machine back to the DVD days?
