Wall Street Analysts are Recommending These 5 Stocks in September

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 95

Macquarie analyst Tim Nollen raised his ratings for Netflix, Inc. (NASDAQ:NFLX) from “Underperform” to “Neutral” on Wednesday, September 7, 2022. Nollen expressed optimism over the company’s upside potential in the long term.

He believes Netflix, Inc. (NASDAQ:NFLX) could achieve up to $3.6 billion in ad sales in the U.S. and Canada by 2025. Nollen also lifted his price target for Netflix, Inc. (NASDAQ:NFLX) from $170 per share to $230 per share.

Netflix, Inc. (NASDAQ:NFLX) is looking to roll out a new ad-supported tier. Rumors are that the company could price the tier between $7 – $9 per month, significantly lower than its standard ad-free plan that costs around $15.49. The ad-supported tier would help Netflix, Inc. (NASDAQ:NFLX) attract users seeking a lower monthly price.