Netflix price target raised to $110 by Evercore on survey gains, live-event opportunity (NFLX:NASDAQ)

Netflix (NFLX) shares rose 3.8% on Tuesday after Evercore ISI analyst Kutgun Maral raised his price target to $110, citing increased market penetration in the U.S. and Japan, and higher subscription retention. The analyst's survey found growth in live programming and short-form video usage. NFLX is down 40% from its all-time high but trades at a lower multiple than its 3-year average.

Netflix and SEGA have partnered to create a Crazy Taxi movie, a Sonic the Hedgehog animated series, and a film for Stranger Than Heaven. The project involves writers Dan Gregor and Doug Mand, producers Neal H. Moritz, Toby Ascher, and SEGA's Toru Nakahara.

Netflix (NFLX) shares rose 4.3% after Evercore ISI raised its price target to $110, citing improved subscriber trends in the US and Japan, and growth opportunities from live events and short-form content. The brokerage noted strong subscriber engagement and pricing power, with a 63% penetration rate in the US and 22% in Japan. Netflix's stock reached $80.74 in morning trading, with a 2028 valuation framework of 25 times estimated earnings-per-share.

Netflix (NFLX) rose 4% after co-founding the Streaming Access and Choice Alliance, aiming to challenge the antitrust exemption limiting its live sports bidding. Amazon (AMZN) fell 0.7%, and Alphabet (GOOGL) gained 3%. The alliance could impact Netflix's ad business and sports content access, though results may take years. Netflix's stock is still down 14% year-to-date.

Netflix (NFLX) stock rose 3% after Evercore raised its price target to $110, citing growth opportunities in live events and short-form content. Analyst Kutgun Maral noted high household penetration in the U.S. and Japan, with sports driving subscriptions. NFLX has a consensus Strong Buy rating, with an average target of $96.27, implying 30% upside.

Netflix (NFLX) shares rose 3.5% after Evercore ISI raised its price target to $110, citing strong user metrics and content strategy. GF Value™ estimates Netflix is 21.4% undervalued at $79.95, with a GF Score™ of 90/100. Insiders sold $454.9M in shares, while 21 gurus hold NFLX, with mixed activity.