Piper Sandler Reiterated a Buy Rating on Netflix (NFLX), Kept the PT Unchanged

Netflix, Inc. (NASDAQ:NFLX) is one of the Best Stocks to Invest in for High Returns. On July 29, Thomas Champion from Piper Sandler reiterated a Buy rating on Netflix, Inc. (NASDAQ:NFLX) with a price target of $1,500.

The analyst noted that the company’s viewership increased in June, reversing the previous trend of dropping viewers. This came in after the platform released new seasons of hit shows like Ginny & Georgia, Blindspot, and Squid Game. Champion noted that these shows attracted more viewers, giving Netflix, Inc. (NASDAQ:NFLX) a boost.

The analyst also highlighted the company’s strong content pipeline for the rest of the year, with new shows including Stranger Things and Bridgerton expected to release soon. These shows are expected to attract more subscribers. Moreover, the company’s ad-supported business is also expanding and contributing to the revenue growth.

Netflix, Inc. (NASDAQ:NFLX) is a global entertainment company that provides streaming services for TV shows, movies, and games.

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Disclosure: None. This article is originally published at Insider Monkey.