Netflix (NFLX, Financial) shares saw an increase after several analysts raised their price targets for the streaming giant. The company reported better-than-expected first-quarter earnings, leading to a positive outlook from market experts. Analysts from Morgan Stanley and Wedbush Securities increased their price targets from $1,150 to $1,200, while Piper Sandler raised theirs by $50 to $1,150. KeyBanc Capital Markets, Goldman Sachs, and Deutsche Bank also adjusted their targets to $1,070, $1,000, and $900, respectively.
JPMorgan analysts highlighted Netflix's aggressive business strategy, maintaining an "overweight" rating and raising their target from $1,025 to $1,150. They noted that Netflix's stock remains defensive in uncertain markets. The company's low-cost, ad-supported subscription plan is seen as a broad appeal option that could show resilience during economic downturns.
Visible Alpha data shows 15 "buy" ratings and 4 "hold" ratings for Netflix, with an average price target of $1,125.44, which is nearly 16% higher than its recent closing price. In pre-market trading, Netflix shares rose by 2%, contributing to a 9% increase in 2025.
