**Netflix’s Stock Surge Following Analyst Upgrades**
On Tuesday, Netflix (NASDAQ: NFLX) shares soared by 4.7%, closing up 3.8%. This jump was driven by a bullish report from Evercore ISI analyst Kutgun Maral, who maintained an “outperform” rating and raised the price target to $110, suggesting a 42% upside from Friday’s close.
Maral’s consumer surveys indicated that Netflix’s market penetration has reached 63% in the U.S. and 22% in Japan, reflecting increased customer retention. Notably, 45% of new subscriptions were linked to its World Baseball Classic promotion, and 60% of users engaged with live programming in September, up from 42% in March. Despite these gains, Netflix’s stock remains 40% below its all-time high, trading at 25 times earnings, well below its three-year average of 43 times.
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