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JPMorgan Out Positive on Netflix (NFLX): 'we remain positive on Netflix’s ability to accelerate revenue growth in 2024, expand margins, & drive multi-year FCF ramp'

March 18, 2024 4:17 AM EDT

JPMorgan analyst Doug Anmuth reiterated an Overweight rating and $610.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "NFLX shares have significantly outperformed since 4Q earnings, up +23% vs. SPX +5%, & are 12% below the all-time highs of November 2021. As highlighted in our last NFLX Trending report on 2/12, we remain positive on Netflixs ability to accelerate revenue growth in 2024, expand margins, & drive multi-year FCF ramp. Organic growth remains healthy, & were expecting Netflix to continue tightening Paid Sharing filters as it becomes a more normal course... More