Analyst revises Netflix price target amid ‘growing ad revenue'

Netflix (NASDAQ: NFLX) reached a new all-time high on December 11, trading as high as $940 after J.P. Morgan (NYSE: JPM) raised its price target for the streaming giant from$850 to $1,010.The upgrade was attributed to robust subscriber growth, surging advertising revenue, and compelling content, with the investment bank reaffirming an “overweight” rating for the stock.As of the market close on December 10, NFLX shares were trading at$936.56. The streaming service has recorded an impressive 99% gain year-t ...