Canaccord raised the firm’s price target on Netflix (NFLX) to $1,380 from $1,200 and keeps a Buy rating on the shares. The firm noted its presentation at the 2025 Upfronts, wherein the company detailed the substantial progress it has made developing its ads business. The ad tier now has nearly 95M MAUs, and the Netflix Ads Suite, the company’s in-house ad tech stack that enables advertisers to target 100+ interests across 17+ categories, is expected to be available in all ad-supported countries next month.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 $1,340 from $1,130 at Wolfe Research
- Netflix Stock (NFLX) Wins Bullish Reviews on Traction in Ad Business
- Netflix price target raised to $1,230 from $1,060 at Seaport Research
- Evercore ISI ‘incrementally positive’ on Netflix after Upfront presentation
- Netflix Stock Defies Valuation Fears With Growth Machine Still Roaring