MoffettNathanson upgrades Netflix, anticipating 20% stock increase

MoffettNathanson upgraded Netflix's stock rating from neutral to buy, raising the price target to $1,100 per share from $850. This suggests a potential 20% increase from the stock's closing price on Friday. The firm believes Netflix can expand its profit margins as it leads the streaming market. Analysts noted that Netflix has opportunities for growth through better monetization of its existing subscriber base and increased advertising revenue. Currently, 34 out of 47 analysts rate Netflix as a buy or strong buy, with an average price target indicating over 16% upside potential.