Netflix stock removed from Wedbush's Best Ideas List
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Wedbush has removed Netflix from its Best Ideas List, but maintains an Outperform rating on the stock. The firm cites Netflix's 'year of significant growth' as the reason for the removal. However, analysts believe it will be harder for Netflix to impress investors in 2024 compared to 2023. Wedbush also notes a seasonal deceleration in subscribers but expects continued year-over-year growth. The firm raises its price target for Netflix to $725 and highlights the potential for the company to expand its advertising revenue in 2024 and beyond.
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