JPMorgan Raises Netflix Price Target to $1,230 Amid Q2 Earnings Preview

JPMorgan has raised Netflix's price target to $1,230 from $1,220, maintaining a Neutral rating ahead of the company's Q2 earnings report. The update reflects improved market analysis and positive shifts in currency dynamics. Analysts forecast an average price target of $1,224.85, implying a 2.06% downside from the current price. Netflix has a strong business with over $40 billion in revenue and 300 million paid households, leading in streaming view share and with significant growth potential. However, there are potential risks from the economic environment and content expenses.