Canaccord upgraded Netflix (NFLX) to Buy from Hold with a price target of $1,150, up from $940. Netflix reported strong Q4 results, with paid memberships, revenue, and profitability all coming in ahead of expectations, the analyst tells investors in a research note. The firm says the company’s content slate for 2025 “appears to be very healthy,” with new seasons of highly popular shows like Squid Game, Stranger Things, and Wednesday complemented by a continued ramping of live events. Netflix has demonstrated “clear leadership” in product-market fit, the advertising tier is on track to become a more material revenue driver in fiscal 2026, and its margin expansion and free cash flow generation is consistent, contends Canaccord.
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