Netflix Stock (NFLX) Gets Multiple Upgrades from Wall Street Analysts

Netflix (NFLX) stock is up nearly 40% this year. But that growth hasn’t prevented multiple Wall Street analysts from upgrading their price targets on the streaming service.

Steven Cahall, a top five-star rated analyst at Wells Fargo (WFC), has raised his price target on NFLX stock to $1,500 from $1,222, which implies a 23% increase to the stock’s closing price on June 19. Cahall wrote in a note to clients that there’s “so much” opportunity for Netflix ahead, specifically when it comes to shorter-form content and deals with social-media creators.

At the same time Pivotal Research Group analyst Jeffrey Wlodarczak, a four-star rated analyst, lifted his price target on Netflix’s stock to $1,600 from $1,350 and reiterated a Buy rating on the shares. In an analysis, Wlodarczak wrote that, “Netflix remains underpenetrated globally, offers an extremely compelling price to entertainment value… and continues to generate solid subscriber growth.”

Roaring Success

NFLX stock is now up 78% over the last 12 months. The share price has risen as Netflix has continued to grow its subscriptions and revenue. Additionally, many analysts and investors see Netflix as a stock that is insulated from global economic uncertainty, tariffs, and geopolitical conflicts.

Netflix launched its lower-priced ad-supported tier in 2022, and cracked down on password sharing between users in 2023. Those moves, plus the introduction of live events such as celebrity roasts, NFL football games, and professional wrestling have put the company in an advantageous position. Netflix is widely viewed as the undisputed champion of the streaming wars.

Is NFLX Stock a Buy?

The stock of Netflix has a consensus Strong Buy rating among 38 Wall Street analysts. That rating is based on 29 Buy and nine Hold recommendations issued in the last three months. The average NFLX price target of $1,247.33 implies 1% upside from current levels.

Read more analyst ratings on NFLX stock