Netflix Stock Lands a New Street-High Price Target

Netflix (NFLX) has surged about 40% year-to-date, fueled by strong Q1 earnings, steady subscriber growth, and the success of its ad-supported tier. The stock forecast received a price target hike from a Top analyst, Jeffrey Wlodarczak of Pivotal Research. Wlodarczak lifted the price target on NFLX stock from $1,350 to a Street-high of $1,600, implying a potential upside of about 24%. The firm also reaffirmed a Buy rating, citing ongoing confidence in Netflix’s long-term potential.

Analyst’s Take on Netflix Stock

Wlodarczak, the four-star analyst, expressed his confidence in Netflix’s leadership in the global streaming space. He believes the company maintains a clear edge over its rivals thanks to its strong brand recognition, expansive content library, and growing international footprint. Reflecting this belief, he also raised its terminal EBITDA multiple—a key valuation metric—arguing that Netflix’s dominant position justifies a higher earnings premium.

Beyond its leadership status, the analyst sees significant room for expansion. Although Netflix is already a global platform, he believes it remains underpenetrated in several regions. This presents a long-term growth opportunity, particularly in emerging markets where the subscriber base can still expand meaningfully.

Another key point he emphasized was the strong value Netflix provides to users. Wlodarczak believes the platform delivers quality content at a fair price, especially with its lower-cost, ad-supported plan. He expects this approach to support continued growth in both subscriber numbers and average revenue per user (ARPU) in the future.

Finally, the firm addressed Netflix’s own long-term goal of reaching a $1 trillion market valuation by 2030. While some may view this target as ambitious, Pivotal sees it as reasonable. It believes that with steady execution and global expansion, Netflix could realistically hit that milestone within the next five years.

Is Netflix a Good Stock to Buy?

Turning to Wall Street, NFLX stock carries a Strong Buy consensus rating. Among the 38 analysts covering the stock, 29 have issued Buy recommendations, and nine rated it as Hold. Moreover, the average Netflix share price target of $1,239.76 implies a 1.43% upside potential from current levels.

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