Wells Fargo raised the firm’s price target on Netflix (NFLX) to $1,222 from $1,210 and keeps an Overweight rating on the shares. The firm says Q1 results indicate a clear path for growth. Near-term support comes from 2025/2026 EPS +28%/+18% year-over-year; long term sees ads plus sports as vectors. And, Netflix’s relative appeal is substantially increased by the macro, Wells adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix price target raised to $1,200 from $1,150 at Morgan Stanley
- Netflix price target raised to $1,070 from $1,000 at KeyBanc
- Netflix’s Strong Engagement and Innovative Strategies Drive Buy Rating and Growth Outlook
- Netflix’s Strong Market Position and Revenue Growth Drive Buy Rating
- Netflix upgraded to Neutral from Reduce at Phillip Securities