{"id":13133,"date":"2023-05-24T10:36:25","date_gmt":"2023-05-24T14:36:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/netflix-password-crackdown-can-boost-its-stock-by-25-oppenheimer-says\/"},"modified":"2023-05-24T10:36:26","modified_gmt":"2023-05-24T14:36:26","slug":"netflix-password-crackdown-can-boost-its-stock-by-25-oppenheimer-says","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=13133","title":{"rendered":"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says"},"content":{"rendered":"<div>\n<h2 class=\"topline-heading\">Topline<\/h2>\n<p>Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on account sharing launched domestically Tuesday.<\/p>\n<h2>Key Facts<\/h2>\n<div class=\"key-facts\">\n<div class=\"key-facts-element\">\n<p>Netflix\u2019s initiative limiting accounts to one household can add millions of paid subscribers this year, Wolfe Research strategists headed by Peter Supino wrote in a recent note to clients, maintaining their buy rating for the stock at a $388 price target, implying 8% upside from Netflix\u2019s $359 share price Wednesday.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Oppenheimer analysts led by Jason Helfstein were far more optimistic about Netflix\u2019s prospects after the rollout of its long-awaited password crackdown, raising its target 8% from $415 to $450, forecasting the stock to surge more than 25% to its highest level since last January.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Consensus future revenue estimates do not bake in the \u201ctrue benefits\u201d of the password clampdown and Netflix\u2019s cheaper ad tier, according to Oppenheimer, citing a survey it recently conducted of nearly 2,000 American Netflix users.<\/p>\n<p>  <fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n <\/div>\n<div class=\"key-facts-element\">\n<p>About 30% of respondents to the poll who said they expected to lose access to Netflix under the new rules said they would pay for their own subscription, which Oppenheimer estimates would result in nine million net new subscribers in the U.S. and Canada.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>That level of growth would smash Wall Street\u2019s expectations: Consensus analyst estimates forecast Netflix\u2019s U.S. and Canada subscriber base to swell by 3.2 million by the end of next year, according to FactSet.<\/p>\n<\/p><\/div>\n<\/div>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Contra<\/h2>\n<p>Even if Netflix\u2019s stock surges as high as $450, that would still be 35% below its nearly $700 peak achieved November 2021. Netflix shares collapsed by as much as 70% last year after it notched consecutive quarters of subscriber losses, something the company had not reported in more than a decade. The streamer reported 74.4 million American and Canadian subscribers at the conclusion of 2023\u2019s first quarter, about half a million shy of its late 2020 level despite three consecutive quarters of growth.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Surprising Fact<\/h2>\n<p>Netflix\u2019s 21% rally year-to-date comes amid similar rallies among other West Coast technology giants: Alphabet, Apple, Amazon, Microsoft and Meta are all up 30% or more this year.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\"><\/h2>\n<p>Netflix Starts Long-Awaited Password-Sharing Crackdown\u2014Here\u2019s How (<em>Forbes<\/em>)<\/p>\n<p>Netflix Earnings: Stock Slides As Profit Outlook Weakens\u2014Despite Subscriber Growth (<em>Forbes<\/em>)<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/dereksaul\/2023\/05\/24\/netflix-password-crackdown-can-boost-its-stock-by-25-oppenheimer-says\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on account sharing launched domestically Tuesday. Key Facts Netflix\u2019s initiative limiting accounts to one household can add millions of paid subscribers this year, Wolfe Research strategists headed by Peter Supino wrote in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-13133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=13133\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=13133\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-24T14:36:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-24T14:36:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684938985_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=13133#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=13133\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says\",\"datePublished\":\"2023-05-24T14:36:25+00:00\",\"dateModified\":\"2023-05-24T14:36:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=13133\"},\"wordCount\":380,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=13133#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=13133\",\"url\":\"https:\/\/ifintechworld.com\/?p=13133\",\"name\":\"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-24T14:36:25+00:00\",\"dateModified\":\"2023-05-24T14:36:26+00:00\",\"description\":\"Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=13133#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=13133\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=13133#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says | iFintechWorld","description":"Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=13133","og_locale":"en_US","og_type":"article","og_title":"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says | iFintechWorld","og_description":"Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on","og_url":"https:\/\/ifintechworld.com\/?p=13133","og_site_name":"iFintechWorld","article_published_time":"2023-05-24T14:36:25+00:00","article_modified_time":"2023-05-24T14:36:26+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684938985_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=13133#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=13133"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says","datePublished":"2023-05-24T14:36:25+00:00","dateModified":"2023-05-24T14:36:26+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=13133"},"wordCount":380,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=13133#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=13133","url":"https:\/\/ifintechworld.com\/?p=13133","name":"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-24T14:36:25+00:00","dateModified":"2023-05-24T14:36:26+00:00","description":"Topline Netflix\u2019s stock could soon surge to its highest level in more than a year, analysts forecasted, thanks to the streaming service\u2019s clampdown on","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=13133#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=13133"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=13133#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Netflix Password Crackdown Can Boost Its Stock By 25%, Oppenheimer Says"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/13133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13133"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/13133\/revisions"}],"predecessor-version":[{"id":13135,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/13133\/revisions\/13135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/13134"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}