Netflix Stock Hits All-Time High as JPMorgan Raises Price Target | Global News Avenue

Netflix (NFLXShares hit a record high on Wednesday morning after JPMorgan Chase & Co. sharply raised its price target, pointing to the largest streaming service’s year-end lineup and 2025 advertising outlook.

The bank raised its price target to $1,010 from $850 and maintained an “overweight” rating. Analysts wrote that they saw continued growth in subscriptions “on the back of strong content, healthy organic growth and increasing ad-tier contributions.”

The analysts added that data showed “significant improvement” in global download and daily active user (DAU) trends during the quarter, driven by the company’s shows, which include recent headliners Jake Paul and Mike Tyson boxing match between.

JPMorgan drives Netflix’s Q4 net views to 10 million from 9 million

JPMorgan Chase raised its forecast for net user additions in the fourth quarter from 9 million to 10 million. It forecast revenue in 2025 “will be supported by healthy organic and long-term growth, increased advertising contribution and price increases”.

Netflix shares recently rose 2% to $932.76. Shortly after the opening bell, shares hit a record high of $935.47, surpassing the previous record set on Friday.