Netflix (NFLX) stock has jumped 24.4% over the past week and 17.3% in the last month, though it is still down 0.3% over the past year. Wall Street’s analysts are moderately bullish, with a 12‑month consensus price target of $113.94, implying meaningful upside from the last closing price of $97.09.
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Among them, J.P. Morgan’s Doug Anmuth has just upgraded Netflix to Buy with a new price target of $120, signaling confidence in further gains from here. This N‑star analyst ranks 394 out of 12,096 on TipRanks, with a 58.13% success rate and an average return of 15.9% per rating.
Anmuth argues that Netflix remains a “healthy organic growth story,” powered by strong content, global subscriber growth, pricing power, and an early-stage but under-monetized ad tier. He sees Netflix as well positioned versus many tech peers, expecting AI to enhance content discovery, advertising, and production efficiency rather than disrupt its subscription-based model.
The analyst highlights Netflix’s scale, with more than 325 million subscribers and a path toward 1 billion viewers over time, and notes that original content engagement is accelerating. He expects revenue growth of about 12%–14% in 2026, supported partly by potential U.S. price increases and rapidly growing ad revenue that is projected to roughly double to around $3 billion in 2026.
Financially, Anmuth projects double‑digit growth for revenue and more than 20% growth for operating income, GAAP EPS, and free cash flow over the next several years, supporting a premium valuation at roughly 30x 2027 earnings. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.