Netflix buoyed by record stock-price target of $600 on high hopes for ad-supported tier

The success of Netflix Inc.’s new advertising-supported tier signals significant upside to 2024 estimates for the streaming giant, Oppenheimer said Friday, as it raised its price target for the stock to $600, the highest among Wall Street analysts.The 26% price increase from Oppenheimer’s previous price target of $475 comes after Netflix’s NFLX, +0.57% head of advertising, Amy Reinhard, said at this week’s CES consumer-technology conference in Las Vegas that monthly active users for the ad service had grown ...