Netflix, Inc. (NASDAQ:NFLX) is predicted to have the best earnings growth for the next 5 years, with Wedbush lowering the price target to $115 and maintaining an ‘Outperform’ rating. The stock has dropped 29% in the last six months due to disappointing Q3 results and concerns about the pending Warner Bros. Discovery acquisition.
Wedbush believes Netflix, Inc. (NASDAQ:NFLX) has potential for growth in global advertising through improving ad interactivity, expanding ad partnerships, and enhancing purchasing capabilities. Despite execution risks, the firm sees the company accelerating ad revenue contribution in the coming years.
Monness, Crespi, Hardt & Co. reaffirmed a ‘Neutral’ rating on Netflix, Inc. (NASDAQ:NFLX) ahead of its Q4 earnings report, projecting a 17% YoY revenue growth. The California-based entertainment service provider, founded in 1997, offers streaming services including TV series, documentaries, films, and games to 190 countries.
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Read more at Yahoo Finance: Netflix, Inc. (NFLX)’s Ad Push Keeps Wedbush Optimistic
