(CercleFinance.com) – Morgan Stanley raised its price target on Netflix from $600 to $700 on Friday, while reiterating its ‘overweight’ recommendation on the stock.
In a research note, the analyst estimates that the American video-on-demand giant could generate, by 2028, average annual growth in its earnings per share (EPS) of 25%, or even 30% in the best case scenario, which would justify, according to him, a target of $850.
From his point of view, the group’s international positioning, its original productions and the vast catalog it benefits from are all competitive advantages today underestimated by the market.
The intermediary adds that the success encountered by the group in its strategy aimed at putting an end to code sharing could augur other successes in areas such as video games, the implementation of advertising or live sports broadcasts.
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