Netflix stock price target for 2025 gets reset after NFL Christmas games

Pittsburgh: So, Netflix is really shaking things up! They’ve gone from being all about movies and shows to diving headfirst into live sports. Can you believe it? They even snagged a deal with the NFL to air some Christmas Day games. That’s a big deal!

They paid a whopping $150 million for those two games, but it looks like it could pay off big time. Reports say they might rake in around $100 million just from ads. Not too shabby, right?

And get this, their recent game featuring the Chiefs and Steelers was a hit, becoming one of the most-streamed live sports events on the platform. Netflix is on a roll, with earnings and revenue beating expectations all year long.

In fact, they reported a solid $5.40 per share in their latest quarter, which was better than what analysts predicted. Plus, they’re expecting to keep that momentum going into 2025, with revenue projected to hit between $43 billion and $44 billion.

They’ve also seen a nice bump in subscribers, adding 5 million in just one quarter. That brings their total to 282.7 million memberships. No wonder their stock is up 90% this year!

Analysts are feeling optimistic too. KeyBanc just raised Netflix’s stock price target to $1,000, citing their strong performance and potential for more live events. They think Netflix could even raise prices soon, especially with all the exciting content coming up.

So, it looks like Netflix is not just winning in the streaming game but also making a serious play in live sports. Exciting times ahead for them!