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Netflix price target raised to $1,500 from $1,400 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the firm’s price target on Netflix (NFLX) to $1,500 from $1,400 and keeps an Overweight rating on the shares after the company reported a strong Q25 print. The firm notes Q3 guide was solid as well, benefited by FX but also tailwinds from advertising, higher prices, and a strong second half of 2025 slate. Member growth was better than expected and received a late Q2 boost. Piper continues to see Netflix as a defensive name with multiple upside levers.

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