Last Friday, Pivotal Research increased its target to $535, highest on the Street.
The stock has risen more than 40% in 2023 to date.
Increases in broadband penetration in most geographies over the next five years provide an additional tailwind, he added.
Netflix headquarters in HollywoodMega Agency
In our view, the broader crackdown on password sharing will be an accelerant to Netflixs ad-supported tier.
