Netflix’s Upgraded, Price Target Raised to $500
<p>Loop Capital raised its rating on <a href='https://financialmodelingprep.com/financial-summary/NFLX'>Netflix (NASDAQ:NFLX)</a> stock from Hold to Buy and increased the price target by $75 to $500 per share.</p>
<p>Previously, Loop analysts were confident in Netflix's fundamentals but had concerns about its valuation, leading to a cautious stance. However, they have now made this upgrade after the stock experienced a 15% decline from recent highs.</p>
<p>The analysts noted that Netflix's fundamentals are improving. The competition in the streaming market is raising prices and cutting back on content spending, which is expected to enhance Netflix's competitive position. The analysts also highlighted Netflix's advantage in terms of a larger pipeline of unreleased content and global production capabilities.</p>
<p>Despite facing increased competition, Netflix has managed to retain its share of streaming engagement. The analysts anticipate that as the streaming industry consolidates, Netflix's market share will continue to grow.</p>

NASDAQ:NFLX