Netflix’s strong fourth-quarter results have Wolfe Research optimistic about the stock’s future. Analyst Peter Supino upgraded Netflix to outperform in a research note, a day after the company reported quarterly results that topped estimates and announced that it topped 3.0 million paid members. 100 million. Supino has a price target of $1,100, representing a 15.3% upside from Wednesday’s closing price. “While premium valuations are hesitant, our expanded comparative valuation analysis suggests Netflix-like growth, scale and profitability are scarce and valuable,” Supino wrote, adding that when it comes to monetizing content , Netflix has the highest per-user reach and engagement compared to its peers. While the analyst noted that sales growth may slow over the next two years, he believed the company’s expanded growth strategy would result in a “moderate slowdown.” “As returns on capital accelerate and unit economics improve, we think it may take a very, very long time for Netflix to reach its ultimate growth rate,” Supino said. Netflix shares rose more than 1% on Wednesday on strong fourth-quarter earnings. 9%, the best single-day performance since October 18. Analysts are generally bullish on the stock, with 32 of 48 analysts rating the stock a buy or strong buy, the London Stock Exchange said.
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