Bullish Wall Street Calls Boost Netflix Shares Amid Promising Growth Projections 📺

Netflix stock surged 2% following optimistic assessments from Wall Street analysts highlighting its growth potential. Morgan Stanley analyst Benjamin Swinburne noted a 30% upside, maintaining his Outperform rating. His $850 bull case anticipates over 30 million net subscriber additions this year, with revenue projected to sustain double-digit growth, fueled by initiatives like the ad-supported tier and password-sharing crackdown. Swinburne highlighted Netflix’s advertising business scaling as crucial for achieving mid-teens revenue growth by 2025. The ad tier has shown substantial progress, reaching 40 million global monthly active users. Additionally, Netflix has expanded into live events and sports, acquiring streaming rights to NFL games and a deal with WWE. Other analysts, like Evercore ISI’s Mark Mahaney, echoed this bullish sentiment, raising his price target to $700. Netflix’s strategic moves, including “Squid Games II” and live programming, have positioned it for continued success, as evidenced by slowed churn rates and increased market penetration.