CNBC's Michael Bloom contributed to this report. On Wednesday, Wells Fargo's Steven Cahall raised his price target to $500 from $400, implying 25% upside. JPMorgan was not the only Wall Street firm to hike its price target on Netflix. 3% for the SPX), but we believe there is further upside as NFLX executes on paid sharing & estimates move higher,' Anmuth added. 'We recognize NFLX shares are up 17% since the Upfronts (vs. Netflix shares are trending higher this quarter, up more than 15%, while the S & P 500 climbed 4%. 'With some Paid Sharing benefits already built into our model, our revenue increases 4% in 2024 & 6% in 2025, while our operating income increases 6% in 2024 & 9% in 2025. The analyst forecasts total paid sharing revenue of $2.4 billion in 2024 and $3.5 billion in 2025. For Netflix, the business strategy will translate into greater revenue, Anmuth said. NETFLIX INC's upside potential (average analyst target price relative to current price) is greater than 1702.33 of Communication Services stocks. NFLX 1D mountain Netflix shares 1-day That model suggests Netflix could monetize more of its 100 million borrowers, with the analyst expecting 14 million by the end of this year, 26 million by the end of 2024 and 33 million by the end of 2025. In the context of stocks in the mega market cap category, NETFLIX INC's variance in analysts' estimates is lower than -8655.7 of them. 'We're updating our NFLX model to capture the broader Paid Sharing opportunity following the rollout in late May to 100+ markets,' Anmuth said to clients in a Wednesday note. This comes after Netflix said at its Upfront presentation last month that the company's ad-supported tier and password-sharing crackdown are gaining traction. The new target suggests upside of 17% from Tuesday's close. Analyst Doug Anmuth hiked his price target on the streaming giant by more than 20%, to $470 from $380, and reiterated his overweight rating. Netflix has even more upside than investors previously anticipated, according to JPMorgan. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

Netflix stock price target