In a report released today, John Blackledge from TD Cowen maintained a Buy rating on Netflix (NFLX – Research Report), with a price target of $1,150.00.
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John Blackledge has given his Buy rating due to a combination of factors, including Netflix’s reported revenue and operational income for the first quarter of 2025, which exceeded both the firm’s and consensus estimates. This performance was driven by strong subscriber and advertising revenue growth, as well as effective member retention and engagement strategies despite macroeconomic challenges.
Netflix’s management has also provided a positive outlook for the second quarter of 2025, projecting revenue and operational income above consensus expectations. The company anticipates continued strength in member and advertising revenue growth, supported by recent price increases in several markets. Furthermore, the management’s confidence in achieving their full-year revenue and operational income margin guidance, along with strong ad buyer interest, reinforces the Buy rating.
In another report released yesterday, Piper Sandler also initiated coverage with a Buy rating on the stock with a $1,100.00 price target.
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