Piper Sandler analyst Thomas Champion raised the firm’s price target on Netflix (NFLX) to $1,150 from $1,100 and keeps an Overweight rating on the shares. The firm note the company reported a strong Q1 print with revenues and operational income 1%/13% above its forecast. The Q2 guide was solid as well, suggesting limited friction from macro. Piper continues to see Netflix as a defensive name with multiple upside levers. Full year guide was reiterated, which the firm thinks sets up well for the second half of 2025.
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