Netflix price target raised to $1,350 from $1,250 at Pivotal Research

Netflix price target raised to ,350 from ,250 at Pivotal Research

Pivotal Research raised the firm’s price target on Netflix (NFLX) to $1,350 from $1,250 and keeps a Buy rating on the shares. The company reported yet another strong quarterly result highlighted by better than expected Q1 financials, with 25% EBITDA growth exceeding the firm’s 15% forecast and $2.7B in free cash flow coming in ahead of Pivotal’s $2.4B estimate, the analyst tells investors in a research note. Pivotal’s positive investment view remains unchanged that Netflix offers an extremely compelling price to entertainment value, boosted by their ad supported offering that should allow the company to continue to generate solid subscriber and ARPU – average revenue per user – growth, the firm added.

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DJ Kamal Mustafa

DJ Kamal Mustafa

I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.

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