Netflix Inc. (NASDAQ:NFLX) is gearing up for a game-changing move that could significantly boost its subscriber base and ad revenue: the acquisition of rights to NFL games on Christmas Day from 2024 to 2026.
This bold step, coupled with the company’s successful ad tier growth and upcoming ad tech improvements, underscores Netflix’s commitment to diversifying its content offerings and expanding its reach in the competitive streaming market.
The Netflix Analyst
JPMorgan analyst Doug Anmuth reiterates an Overweight rating on Netflix stock, with a price target of $650.
Also Read: Netflix To Stream 2 NFL Christmas Day Games: Analyst Sees Strong Growth Potential
The Netflix Thesis
The company is making strategic moves that could significantly benefit investors, according to Anmuth. The company’s recent announcements indicate a positive outlook for the stock, with potential for growth in both subscriber numbers and ad revenue. They’re seen as positive drivers for future ...