Analysts Raise Netflix Stock Price Targets

Analysts are revising their price targets upward for Netflix stock ahead of the release of Squid Game 2. JP Morgan has raised its price target for Netflix from $850 to $1,010. According to a report from Thefly.com on December 11, JP Morgan maintained its "overweight" rating for the shares.

JP Morgan has increased its forecast for Netflix's Q4 net subscriber additions from 9 million to 10 million. It also indicates that Netflix's revenue in 2025 will be supported by healthy organic and secular growth, increased advertising contributions, and price hikes.

Last week, Citi raised its price target for Netflix from $725 to $920 with a neutral rating.

Netflix shares were trading at $935.50 in after-hours trading.