넷플릭스, WBD 무산돼도 건재
These Experts Think Netflix Will Be Fine Even If It Doesn't Get to Buy Warner Bros.
워너브라더스 인수 여부와 관계없이 넷플릭스가 견조할 것이라는 애널리스트 평가는 견고한 펀더멘털을 시사하며 딜 불확실성에 따른 하방 리스크를 완화합니다
핵심 요약
웨드부시, 넷플릭스(NFLX) 목표주가 115달러 유지…WBD 인수 불발 가능성에도 4분기 매출 18% 증가와 광고 성장으로 독자 성장 가능하다고 평가합니다.
넷플릭스, WBD 무산돼도 건재
웨드부시는 넷플릭스(NFLX)에 대해 투자의견 비중확대와 목표주가 115달러를 재확인했으며, 이는 현 주가 대비 약 50% 높은 수준입니다. 워너브라더스디스커버리(WBD)가 파라마운트 스카이댄스(PSKY)와 재협상에 나서면서 인수 가격 상향 및 경쟁입찰 재점화 가능성이 커졌고, 규제 리스크도 여전히 변수로 지적됩니다. 다만 웨드부시는 넷플릭스가 해당 거래 없이도 성장 가능하다고 평가했으며, 글로벌 광고 사업 확대를 근거로 제시했습니다. 넷플릭스는 최근 4분기 매출이 전년 대비 약 18% 증가했고, 영업이익률이 개선됐으며, 이번 분기 매출 15% 성장 가이던스를 제시했습니다.
Original Article
These Experts Think Netflix Will Be Fine Even If It Doesn't Get to Buy Warner Bros.
Thomas Fuller / NurPhoto via Getty Images
If Netflix can't land WBD, it's NBD.
That notion—that streaming-video giant Netflix ( NFLX ) will be just fine if its planned multibillion-dollar merger with Warner Bros. Discovery ( WBD ) doesn't go through—is the opinion of analysts at Wedbush, who on Friday reiterated their bullish rating and $115 price target on Netflix shares. That target, which is nearly 50% above Netflix's current stock price, is around the Street average, according to Visible Alpha.
Wedbush's report landed at the close of a week in which the deal, announced in December , embarked down the latest leg of its winding road. Warner Bros. reopened talks with alternative (and at times hostile ) suitor Paramount Skydance ( PSKY ), injecting fresh uncertainty, and the possibility of another round of competing bids , into the process.
Netflix may need to pay more than it expected for Warner Bros. Discover after the latter company reopened talks with Paramount Skydance. But some analysts believe Netflix could just as well move on from the deal.
Meanwhile, investors continue to grapple with the question of whether Netflix's bid would ultimately face insurmountable regulatory hurdles.
But even if it doesn't, Wedbush wrote, Netflix "does not need this deal. ... Its business is entirely healthy on its own, with a burgeoning global advertising business."
Netflix last month reported financial results that included nearly 18% year-over-year revenue growth in the fourth quarter, as well as widening operating margins. The company told investors to expect 15% sales growth in the current quarter.
Shares of Netflix, down more than 20% over the past 12 months, were recently up more than 1%. (Read Investopedia's full coverage of today's trading here .) Warner Bros. shares were edging higher Friday afternoon, while Paramount's were down about 1%.
Wedbush. "Concerns Remain Over Deal Potential, But It's Not Needed."
Netflix. " Q4 25 Shareholder Letter ."