Netflix stock target rose to Evercore based on bullish survey results by Investing.com

Evercore ISI raised its price target on shares of Netflix (NASDAQ: ) from $710 to $750 in a note to clients on Tuesday, citing strong survey results and a promising outlook for the company.

The firm continues to rate Netflix as Outperform, highlighting the streaming giant’s financial, fundamental and competitive position. According to Evercore ISI, Netflix is ​​in the best shape it’s ever been in.

“We stand by the conclusion we’ve drawn since the start of the 24th: Netflix is ​​in the strongest financial, fundamental and competitive position we’ve ever seen,” the analysts said.

The firm attributes this confidence to detailed research in the US and Mexico, recent channel checks and its own analysis of potential future price increases.

Evercore ISI’s recent surveys, which include the 51st US Quarterly Survey and the 4th Annual Mexico Survey, are said to reveal stable fundamentals for Netflix such as content selection, customer satisfaction and churn rates. abandon.

In particular, Evercore says Netflix maintains high satisfaction scores, with 83% in Mexico. The survey results also show that Netflix is ​​expanding its competitive advantage over other streaming platforms, particularly in terms of content quality.

Additionally, the firm sees significant growth potential in Netflix’s foray into live events and gaming. They note that 60% of current Netflix subscribers will stay with the service if more live content is added, such as live sports and stand-up comedy.

Gaming adoption on the platform is also growing rapidly, with 47% of US subscribers engaging with Netflix’s gaming offerings and reporting high levels of satisfaction. Evercore ISI believes that Netflix has several growth paths.

In addition, the firm says the upcoming release of “Squid Game II” and the debut of two NFL games on Netflix will further strengthen the streaming giant’s prospects.