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Netflix shares rose Monday morning as several analysts raised their price targets for the streaming giant.
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The company reported better-than-expected first-quarter results after the bell Thursday. Markets were closed on Good Friday.
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JPMorgan analysts said Netflix “continues to play offense in its business, while the stock remains defensive in the uncertain environment.”
Netflix (NFLX) shares rose in premarket trading Monday after several analysts raised their price targets for the streaming giant’s stock.
Netflix reported better-than-expected results after the bell on Thursday, and markets were closed for Good Friday. Several analysts wrote in notes Friday that Netflix’s ability to thrive in an uncertain economy is impressive.
Analysts from Morgan Stanley and Wedbush lifted their price targets to $1,200 from $1,150, while Piper Sandler analysts also made a $50 bump to $1,150. KeyBanc, Goldman Sachs, and Deutsche Bank analysts also raised their targets, to $1,070, $1,000, and $900, respectively, from $1,000, $955, and $875.
JPMorgan analysts made one of the biggest moves, retaining an “overweight” rating and raising their price target to $1,150 from $1,025. The analysts said that the streaming giant “continues to play offense in its business, while the stock remains defensive in the uncertain environment.”
Netflix’s cheapest ad-supported subscription tier makes it “widely accessible,” the analysts said, noting that the streamer’s management highlighted the low-priced tier as something that could prove resilient in an economic downturn or recession. Analysts tracked by Visible Alpha are divided between 15 “buy” ratings and four “hold” ratings, with an average price target of $1,125.44, a nearly 16% premium to Thursday’s close.
Netflix shares were up 2% in premarket trading Monday. They entered the day up 9% in 2025.
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