Wells Fargo has adjusted its price target for Netflix (NFLX, Financial), raising it from $1,210 to $1,222 while maintaining an Overweight rating on the company's shares. This decision follows the firm's analysis of Netflix's first-quarter results, which highlight a promising growth trajectory.
Key elements contributing to this optimistic outlook include projected earnings per share (EPS) growth of 28% and 18% year-over-year for 2025 and 2026, respectively. In addition, Wells Fargo points to emerging opportunities in advertising and sports content as significant growth drivers for the streaming giant.
The firm also notes that Netflix's attractiveness is enhanced by the current macroeconomic climate, which positions the platform favorably among its peers. Such factors contribute to Wells Fargo's positive sentiment towards the future performance of Netflix (NFLX, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 44 analysts, the average target price for Netflix Inc (NFLX, Financial) is $1,094.99 with a high estimate of $1,494.00 and a low estimate of $644.50. The average target implies an upside of 12.53% from the current price of $973.03. More detailed estimate data can be found on the Netflix Inc (NFLX) Forecast page.
Based on the consensus recommendation from 50 brokerage firms, Netflix Inc's (NFLX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Netflix Inc (NFLX, Financial) in one year is $655.44, suggesting a downside of 32.64% from the current price of $973.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Netflix Inc (NFLX) Summary page.
