Netflix (NFLX) Stock: $325 Target And Outperform Rating

By Amit Chowdhry ● Sep 26, 2022
  • The shares of Netflix (NFLX) recently received a $325 price target from Oppenheimer. These are the details.

The shares of Netflix (NFLX) recently received a $325 price target from Oppenheimer. 

Price target: $325

Rating: Outperform

Analyst: Oppenheimer analyst Jason Helfstein

Helfstein had adjusted the rating after assuming coverage of the company. And Helfstein pointed out that the company’s advertising tier launch should accelerate subscriber growth, drive average revenue per user, and slow churn. And Helfstein pointed out that Netflix is in a unique position to aggregate large audiences and control the timing of series launches for top-tier advertisers, commanding high CPMs. 

Plus Helfstein pointed out that in 2025, global advertising revenue is forecasted to be aroudn $4.6 billion, driving total revenue to $42.4 billion with 282 million total subscribers – both of which 3% and 6% above Street estimates, respectively. And Helfstein pointed that despite recent headwinds, Netflix still has the highest viewership in the industry as streaming continues to take share from linear TV.