Netflix Stock: How Much More It Can Gain, According to a Wall Street Analyst

Netflix's stock has outperformed the S&P 500 by a wide margin in recent months

Netflix’s stock has outperformed the S&P 500 by a wide margin in recent months, and one Wall Street analyst believes it can continue to climb.

JPMorgan analyst Doug Anmuth raised his price target on Netflix to $666 from $605

In a note to clients, JPMorgan analyst Doug Anmuth raised his price target on Netflix to $666 from $605, implying a potential upside of 10% from its current price around $605.

Anmuth cited the company’s strong content pipeline, international growth, and pricing power as reasons for his bullishness.

Netflix has a strong content pipeline

Netflix has a strong content pipeline, with a number of highly anticipated shows and movies scheduled to be released in the coming months.

These include the fourth season of “Stranger Things,” the second season of “The Witcher,” and the new film “Red Notice,” starring Dwayne Johnson, Ryan Reynolds, and Gal Gadot.

Netflix is growing internationally

Netflix is also growing internationally, with the company now available in over 190 countries.

This growth is being driven by the company’s investment in local content, as well as its partnerships with local telecom operators.

Netflix has pricing power

Netflix also has pricing power, as evidenced by the company’s recent price increases.

The company has been able to raise prices without losing subscribers, which suggests that customers are willing to pay more for Netflix’s service.

Risks to Netflix’s stock

There are some risks to Netflix’s stock, however.

These include competition from other streaming services, such as Disney+ and HBO Max, as well as the potential for a slowdown in subscriber growth.

However, Anmuth believes that Netflix’s strong content pipeline, international growth, and pricing power will allow the company to continue to grow in the coming years.