BofA Cuts PT on Netflix, Inc. (NFLX) to $125 From $149 – Here’s Why

Netflix, Inc. (NASDAQ:NFLX) is 1 of the apical stocks that volition marque you affluent successful 10 years.

BofA chopped the terms people connected Netflix, Inc. (NASDAQ:NFLX) to $125 from $149 connected March 6, reiterating a Buy standing connected the shares. The steadfast stated that aft the institution decided to locomotion distant from the Warner Bros. Discovery bidding process, Netflix, Inc.’s (NASDAQ:NFLX) strategy has bounced backmost to “business arsenic usual”, with the steadfast updating its calendar twelvemonth 2026 forecasts. It present projects gross of $51.3B, up 13% year-over-year, and successful enactment with institution guidance of 12-14% growth.

BofA besides chopped its aggregate to instrumentality into relationship the caller aggregate compression successful the comp group. However, it stated that it believes Netflix, Inc. (NASDAQ:NFLX) volition proceed to outperform, supported by its “world-class brand”, presumption arsenic an innovator, starring planetary subscriber scale, and accrued visibility successful maturation drivers.

In a abstracted development, Netflix, Inc. (NASDAQ:NFLX) announced connected March 5 the acquisition of InterPositive, a filmmaking exertion institution founded by Academy Award victor ​Ben Affleck, progressive successful the accumulation of AI-powered tools for movie ‌production. The deal’s fiscal presumption were not disclosed.

Netflix, Inc. (NASDAQ:NFLX) provides amusement services done paid memberships successful astir 190 countries worldwide. It acquires, produces, and licenses contented for streaming, including archetypal programming.

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