Netflix is a company that lets you watch movies and shows on your TV, phone, or computer for a monthly fee. They have many people who pay to watch their movies and shows, and they make a lot of money. They are planning to start making money from advertisements soon, which will help them make even more money. A person who studies and talks about companies like this one, named Doug Anmuth from JP Morgan, thinks that Netflix is a good company to invest in and that they will continue to make a lot of money. Read from source...

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I read Benzinga's article on Netflix, and I think it's a very well-written piece. The author presents a clear and concise analysis of Netflix's current and future prospects, with supporting data from JP Morgan's analyst report. The article does an excellent job of breaking down Netflix's business model and its growth potential, particularly in the context of its expanding ad-supported tier and paid sharing initiatives. Additionally, the article provides valuable insights into Netflix's potential to enter the live sports market, which I think is an exciting possibility. Overall, I think this is a very informative and engaging article, and I appreciate the effort put into creating it.

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JP Morgan analyst Doug Anmuth maintained an Overweight rating on Netflix Inc NFLX with a price target of $750, citing strong revenue and subscriber growth. Anmuth noted that Netflix is a top pick, backed by mid-teen revenue growth in fiscal years 2024 and 2025, led by healthy organic growth, paid sharing, and price increases. He said ads will kick in more in fiscal years 2025-2026. The price target is based on ~26.5 times 2026 GAAP EPS of $28.19 and ~29.5 times free cash flow of $10.7 billion, implying a premium to mega-cap tech peers trading at ~23 times 2026E GAAP EPS on average, which Anmuth said is justified citing Netflix's similar top-line growth & faster bottom-line growth. The analyst flagged continued operating margin expansion while still investing in content, ads, and gaming and multi-year free cash flow ramp on improving profit and cash content discipline, with increasing buybacks.