Netflix upgraded to Equal Weight from Underweight at Barclays

Barclays analyst Kannan Venkateshwar upgraded Netflix (NFLX) to Equal Weight from Underweight with a price target of $900, up from $715, following last night’s earnings report. The company’s continued outperformance “largely disproves” the hypothesis on growth mean reversion, the analyst tells investors in a research note. The firm says that while Netflix’s growth will slow in 2025, its current operating momentum, if sustained, could drive further upside in the she shares. Last night’s quarter “shreds the bear case,” Barclays contends.