Connect with us

Hi, what are you looking for?


Netflix shares could climb another 35%: Oppenheimer

Now is a good time to hop back into the Netflix Inc (NASDAQ: NFLX) stock, says Jason Helfstein. He’s a Managing Director at Oppenheimer.

Netflix shares should be worth $325

Helfstein, on Monday, recommended buying Netflix shares, which, he said, should be worth $325. His price objective translates to about a 35% upside from here.

The bullish view is primarily related to the ad-supported tier that Netflix is expected to launch in November. Helfstein expects “that” to help with lowering churn, increasing the number of subscribers, and boosting the average revenue per user.

Street is not factoring in the ad opportunity. Sentiment should improve as analysts update models. We’re forecasting subscriber net additions of 15M/21M/19M vs Street forecasts of 11M/13M/19M in `23/`24/`25E, respectively.

Netflix shares are currently down roughly 60% for the year.

Netflix can command high CPMs

According to Helfstein, the media company will see $4.6 billion worth of ad revenue in 2025.

He expects 282 million subscribers and $42.4 billion in total revenue by then (ahead of Street estimates). In a note to clients, the analyst added:

Netflix is in a unique position to aggregate large audiences and control the timing of series launches for top-tier advertisers, commanding high cost per thousand views.

It’s an interesting “outperform” considering the Federal Reserve, so far, has not signalled intent to go easy on rates anytime soon. If it continues to tighten, that will most probably push the economy into a meaningful recession, which tends to be a headwind for the ad-focused businesses.

At the time of writing, Netflix shares are trading at a price-to-earnings multiple of 21.

The post Netflix shares could climb another 35%: Oppenheimer appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...


    U.S. District Court Judge Reed O’Connor recently ruled to uphold the rights of employers granted in the Religious Freedom Restoration Act, rather than uphold...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023