Netflix: Our 2024 Price Target Is $700


  • NFLX has tripled from its 2022 low amid a string of impressive operating and financial results.
  • The company is finding success in its new ad-supported streaming plans as a new growth driver.
  • We are bullish on NFLX and see the potential for shares to reclaim their all-time high by next year.

Los Angeles Screening Of Netflix"s "Squid Game" - Red Carpet

Matt Winkelmeyer/Getty Images Entertainment

Netflix Inc. (NASDAQ:NFLX) has been a big winner this year with shares up 65%, skipping ahead of the disastrous 2022 episode when the stock lost more than half its value. Newfound earnings momentum with sharply higher margins

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NFLX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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