1117 ET - Netflix's expanded ad-supported tier and strong content pipeline position it to navigate any potential economic slowdowns, according to PhillipCapital analysts. The analysts say the stock is typically resilient during recessions as consumers view it as a low-cost alternative to going out for entertainment, with shares more than doubling in value during the 2008 financial crisis as the Nasdaq slid 7%. They add the company's strong retention and engagement also helps minimize any impacts from market volatility. The analysts raised their target price on the stock to $950 from $870. Shares rise 3% to $1,001.08. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 21, 2025 11:17 ET (15:17 GMT)
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