Netflix Analysts Raise Price Targets Ahead of Q2 Earnings Report
Wall Street expects strong subscriber growth and increased ad revenue as Netflix pivots to new strategies.
- Analysts predict Netflix will add between 5 to 7 million new subscribers in Q2, surpassing initial estimates.
- Stock price targets have been raised, with projections reaching as high as $780 per share.
- Netflix's crackdown on password sharing has significantly reduced account sharing, driving new subscriptions.
- The company is expanding its ad-supported tier, which now accounts for 40% of new signups.
- Netflix is venturing into live sports and events to boost engagement and attract more subscribers.