Netflix jumps another 15% as Wall Street applauds 'upside surprises' in earnings

The company also revealed it will be raising prices in the US, UK, and France — a positive development to some analysts on Wall Street.

Nathanson, who maintained his Neutral rating and price target of $390 a share, raised his fourth quarter and full-year 2024 revenue projections by 2.6% and 3.5%, respectively, citing the price hikes. Wells Fargo analyst Steve Cahall said he sees upside to the current valuation — but only if the company can execute.

That clearer outlook also prompted bullish sentiment from Keybanc analyst Justin Patterson, who upgraded the stock to Overweight from Sector Weight with a $510 price target.appears to be working, given the surge in subscribers and positive commentary from management, while operating profit and free cash flow are "steadily ramping."

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts after a strong retail sales reportNEW YORK (AP) — Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.
Source: SooToday - 🏆 8. / 85 Read more »