Netflix (NFLX) Stock: $305 Target And Buy Rating

By Amit Chowdhry ● Sep 24, 2022
  • The shares of Netflix (NFLX) recently received a $305 price target from Citi. These are the details.

The shares of Netflix (NFLX) recently received a $305 price target from Citi. 

Price target: Increased from $275 to $305

Rating: Buy

Analyst: Citi analyst Jason Bazinet

Bazinetadjusted the rating while noting that analysis suggests Netflix has more opportunities to improve its free cash flow relative to Disney. Disney already sells advertising on Hulu and ESPN+ while Netflix’s viewership per user is greater than Disney’s, enabling Netflix to lower prices more aggressively on the advertising tier. 

Plus Netflix may have opportunities to release films theatrically and/or license-produced content, according to Bazinet. And Netflix is Bazinet’s preferred way of expressing a bullish view on subscription video-on-demand. However, Bazinet expects SVOD sentiment to improve.