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Wells Fargo & Co significantly raised the Target Price for Netflix to $1210.
Wells Fargo & Co: Raised the Target Price for Netflix from $797 to $1210, maintaining a "Shareholding" rating. (Gelonghui)
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China International Capital Corporation published a report noting that Netflix's revenue in the fourth quarter of last year was $10.25 billion, an increase of 16% year-on-year; operating profit was $2.27 billion, up 51.9%. The company's revenue and operating profit were slightly above the consensus expectations of both the bank and the market (approximately $2.2 billion each), mainly due to user growth exceeding expectations. Benefiting from high-quality content leading to user growth beyond expectations and price increases, the bank raised its forecast for this year's Generally Accepted Accounting Principles (GAAP) net income by 5% to $10.7 billion and introduced a GAAP net income forecast for 2026 of $12.7 billion, maintaining an "outperform industry" rating due to the profit adjustment, the company's leading position continues to be evident, and
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