Evercore ISI Reiterates Outperform Rating on Netflix (NFLX): shares "reasonably attractive" at current levels

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $115.00 price target on Netflix (NASDAQ: NFLX)

The analyst commented, "We reiterate our Outperform rating and $115 PT following our detailed U.S. and Japan survey work. We continue to view Netflix as a high-quality asset in global streaming, supported by unmatched global scale, a proven and increasingly localized content production engine, and a differentiated product strategy spanning premium, ad-supported, live, and gaming. Our survey data reinforces Netflix’s robust engagement, content leadership, and improving monetization backdrop across both mature (U.S.) and underpenetrated (Japan) markets, in our view validating management’s long-term strategy around local language production, pricing power, and tiered offerings. With multiple growth and margin levers still in motion and a structurally advantaged competitive position, we remain constructive and view shares as reasonably attractive (approx. 20% upside) at current levels."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $96.92 yesterday.

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