JPMorgan sets $118 price target for Netflix
JPMorgan reiterated an Overweight rating on Netflix, Inc. (NASDAQ:NFLX) on May 14, setting a price target of $118.
The rating update came after the company’s fourth annual advertising upfront, with the firm stating that it is positive on the company’s content strategy, reach, and improving advertising technology.
Netflix, Inc. (NASDAQ:NFLX) provides entertainment services and also offers leisure-time activities, video gaming, entertainment video, and other sources of entertainment, leveraging AI in its operations.