Analyst John Blackledge of TD Cowen maintained a Buy rating on Netflix, boosting the price target to $1,440.00.
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John Blackledge’s rating is based on several factors that highlight Netflix’s strong growth potential. He anticipates a 17% year-over-year revenue increase for the second quarter of 2025, driven by robust member growth trends. Blackledge’s revenue and operating income estimates are above consensus, reflecting confidence in Netflix’s pricing power and strategic initiatives, such as the rollout of ad technology and the strengthening of its ad tier.
Moreover, Blackledge notes that Netflix is well-positioned with an impressive lineup of TV shows and films slated for the latter half of 2025, which includes popular titles like ‘Wednesday’ and ‘Stranger Things’ Season 5. The company’s recent price hikes in several regions are expected to enhance average revenue per member, and the survey data indicates a growing willingness among subscribers to accept these increases. Consequently, Blackledge has set a price target of $1,440 for Netflix, maintaining a Buy rating due to these favorable dynamics.
In another report released on July 2, Canaccord Genuity also maintained a Buy rating on the stock with a $1,525.00 price target.