Netflix shares grow due to ad development

29 September 2022 371
Netflix shares grow due to ad development

Atlantic Equities raised Netflix shares’ rating from "neutral" to "overweight ," assuming growth due to upcoming implementation of the ad-supported tier. Thus, shares of streaming giants are rising.

 

Analyst Hamilton Faber raised his rating from $211 to $283, suggesting the ad development "could be extremely essential." He also added that he "doesn’t believe that the benefit is currently reflected in the consensus."

 

In general, Wall Street is optimistic about Netflix's ad-supported tier.

 

Citigroup and Oppenheimer analysts raised their share price targets, also believing in the success of advertising implementation.


 

Source: Finance.yahoo.com

This content is for informational purposes only and is not intended to be investing advice.

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