Netflix Stock Bear Raises Price Target. Why a $1 Trillion Valuation Is Still a Pipe Dream. - Barron's
1. Morningstar raised NFLX's fair value estimate to $750, implying a significant drop. 2. NFLX targets a $1 trillion market cap by 2030, doubling revenue from $39 billion. 3. The analyst doubts NFLX can achieve lofty sales and profit goals by 2030. 4. Shares jumped 47% this year, driven by enthusiasm for live sports and ads. 5. Wells Fargo and Pivotal upgraded price targets significantly, reflecting bullish sentiment.