Netflix’s Strong Revenue Growth and Subscriber Expansion Justify Buy Rating

TD Cowen analyst John Blackledge has maintained their bullish stance on NFLX stock, giving a Buy rating yesterday.

John Blackledge has given his Buy rating due to a combination of factors, including Netflix’s strong projected revenue growth and robust member expansion. The analyst anticipates a 17.3% year-over-year revenue increase for the third quarter of 2025, driven by significant subscriber growth and an uptick in average revenue per member. The company’s strategic price increases in various regions are expected to further enhance revenue metrics.
Additionally, Netflix’s content slate, featuring popular series like Stranger Things and high-profile films, is likely to sustain strong subscriber trends. The platform’s dominance in living room viewership, as confirmed by a TD Cowen survey, underscores its competitive advantage. These factors, coupled with Netflix’s strategic focus on ad revenue growth and margin improvements, support Blackledge’s optimistic outlook and the decision to maintain a Buy rating.

In another report released yesterday, Seaport Global also upgraded the stock to a Buy with a $1,385.00 price target.

Based on the recent corporate insider activity of 193 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NFLX in relation to earlier this year.