Netflix, the Communication Services sector company, was revisited by a Wall Street analyst today. Analyst John Blackledge from TD Cowen maintained a Buy rating on the stock and has a $1,450.00 price target.
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John Blackledge’s rating is based on Netflix’s strong performance and positive outlook. The company reported second-quarter revenue that aligned with expectations and slightly exceeded guidance, driven by growth in membership, pricing, and advertising revenue, along with favorable foreign exchange impacts. Operating income also surpassed consensus estimates, indicating a robust operational margin.
Looking ahead, Netflix provided guidance for the third quarter that is above consensus for both revenue and operating income, with expectations of continued engagement growth supported by a strong content lineup. Additionally, management has increased their revenue and operating income guidance for 2025, reflecting confidence in future performance. These factors, along with an optimistic view on long-term revenue and operating income growth, underpin Blackledge’s Buy rating.
Blackledge covers the Communication Services sector, focusing on stocks such as Netflix, Alphabet Class C, and Meta Platforms. According to TipRanks, Blackledge has an average return of 13.6% and a 59.67% success rate on recommended stocks.
In another report released today, UBS also maintained a Buy rating on the stock with a $1,495.00 price target.