Analysts were divided on their opinions on Netflix Inc. ahead of its quarterly results this week. KeyBanc analyst Justin Patterson notes that Netflix’s price increase was more significant than anticipated, which he believes implies a 1 percent lift to his/Street 2022 revenue. Nonetheless, the analyst has unchanged estimates due to the proximity of earnings, which should shed light on UCAN and international performance, confidence in 2022’s content slate, and investment levels. Patterson maintained an Overweight rating and a price target of $620 on the shares (17.9 percent upside). He believes Netflix is better able to weather industry challenges than peers and is still poised for greater than 20 percent annual EPS growth. JPMorgan analyst Doug Anmuth believes the price increase Netflix announced on Friday will drive an incremental $1 billion-plus revenue in 2022. Each successive price increase “could drive a bit more friction,” but Netflix is willing to trade off a small number of …
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