Here's Why Piper Sandler Sees 34% Upside In This Streaming Giant


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  • Piper Sandler analyst Thomas Champion reiterated an Overweight rating on Netflix Inc (NASDAQ:NFLX) with a $705 price target, implying an upside of 34.1%.
  • Champion's rating comes ahead of the company's Q4 results on Thursday. 
  • The analyst remains constructive on the shares long-term, citing the structural opportunity in streaming video. 
  • The stock is down 10% in the last month on Q4 subscriber net additions concerns despite a robust Q4 content slate and survey data "pointing to robust consumption," Champion adds.
  • Price Action: NFLX shares traded lower by 0.98% at $520.55 in the premarket session on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsTechBriefs