Streaming giant Netflix (NFLX) is scheduled to announce its earnings for the first quarter of 2025 on April 17. Ahead of the results, several analysts have reaffirmed their bullish reviews on the company despite the ongoing macro uncertainties due to tariff wars. NFLX stock has rallied about 53% over the past year.
Currently, analysts expect Netflix’s Q1 EPS (earnings per share) to increase about 8% year over year to $5.70. Further, Wall Street estimates the company’s revenue to grow 12% to $10.5 billion.
NFLX Stock Scores “Buy” Ratings Ahead of Upcoming Earnings
Heading into Q1 2025 results, TD Cowen analyst John Blackledge reiterated a Buy rating on Netflix stock with a price target of $1,150. The 5-star analyst expects the company’s Q1 2025 revenue to grow by 12% year over year, fueled by solid member growth trends. Blackledge added that TD Cowen’s first-quarter survey reveals that Netflix remains the top choice for “living room viewing.”
Blackledge added that Netflix is the most defensive name in TD Cowen’s coverage despite macro volatility, given the company’s solid underlying business demand from an increasingly global content slate, attractive value proposition compared to out-of-home entertainment options, and the secular adoption of streaming video. The analyst doesn’t expect NFLX to face a significant direct tariff impact.
Meanwhile, KeyBanc analyst Justin Patterson lowered the price target for Netflix stock to $1,000 from $1,100 but reiterated a Buy rating. Patterson lowered the price target to reflect a lower EPS estimate and P/E multiple. That said, the 4-star analyst acknowledged that NFLX stock’s P/E multiple is still at a premium compared to the market due to the streaming company’s favorable industry positioning, revenue visibility, and outsized EPS growth (more than 20% expected in 2025 and 2026). Patterson favors subscription over advertising, with Netflix and Spotify (SPOT) continuing to be among his top picks.
Likewise, Morgan Stanley analyst Benjamin Swinburne reiterated a Buy rating on NFLX stock with a price target of $1,150. The 5-star analyst replaced The Walt Disney Company (DIS) with NFLX as his top pick in the media and entertainment space and sees the pullback in NFLX stock as a lucrative buying opportunity.
Is NFLX Stock a Good Buy?
Overall, Wall Street has a Moderate Buy consensus rating on Netflix stock based on 30 Buys, 10 Holds, and one Sell recommendation. The average NFLX stock price target of $1,103.06 implies about 17% upside potential.
