Netflix Price Target Raised to $713 by BMO Capital Analyst Brian Pitz
Brian Pitz of BMO Capital Raises Netflix Price Target
Brian Pitz of BMO Capital has recently updated the price target for Netflix (NFLX:NASDAQ) to $713, up from its previous target, indicating a strong confidence in the company's future performance. This new target suggests a potential upside of 16.34% from the current trading price of $612.84, as reported by TheFly. This adjustment comes at a crucial time for Netflix, as the company is on the verge of announcing its earnings for the first quarter, with significant attention on its ability to maintain the momentum in subscriber growth.
Anticipation for Netflix's Earnings Report
Netflix's upcoming earnings report is highly anticipated, especially after the company's successful crackdown on password sharing, which contributed to a substantial increase in subscribers over the past two quarters. According to LSEG data, Netflix is expected to have added 5 million subscribers in the first quarter ending in March 2024. This figure, while impressive, marks a slowdown from the explosive growth seen in the latter half of 2023, where Netflix added approximately 22 million subscribers. The slowdown is a critical factor for analysts and investors, as it could indicate the beginning of a shift in the company's growth trajectory.
Market Context and Analyst Sentiment
The broader market context, as discussed in the article from Zacks Investment Research, also plays a significant role in shaping investor sentiment towards Netflix. The mixed reactions in the market, influenced by the first quarter (Q1) earnings reports and comments from Federal Reserve Chair Jerome Powell, have led to slight declines in major indexes like the S&P 500 and Nasdaq. Powell's cautious stance on monetary policy and the delay in the anticipated rate cut could have indirect implications for Netflix, especially considering the current economic environment and its impact on consumer spending and subscription-based services.
Moreover, the increase in Netflix's price target by Guggenheim Securities to $700, as highlighted by CNBC Television, further supports the optimistic outlook for the company. Analyst Michael Morris's confidence in Netflix's growth potential, driven by the expansion of its total addressable market, aligns with the positive sentiment expressed by Brian Pitz of BMO Capital. This collective optimism among analysts underscores the belief in Netflix's strategic initiatives, including its crackdown on password sharing, the introduction of an ad-supported tier, and a focus on sports content, to drive future growth.
Netflix's Stock Performance and Future Prospects
As Netflix (NFLX) prepares to release its earnings report, the company's stock performance will be closely watched. With a current market capitalization of about $266.04 billion and a recent trading session closing at $614.745, down by approximately -0.45%, the market's response to Netflix's earnings and future growth prospects will be pivotal. The adjustments in price targets by BMO Capital and Guggenheim Securities reflect a broader confidence in Netflix's ability to navigate the challenges ahead and capitalize on its strategic initiatives to sustain growth in the highly competitive streaming industry.
| Symbol | Price | %chg |
|---|---|---|
| MSIN.JK | 515 | -0.97 |
| FILM.JK | 2060 | 1.46 |
| CNMA.JK | 154 | -2.6 |
| 352820.KS | 275500 | -5.44 |
Netflix Inc. (NASDAQ:NFLX) Stock Update: JPMorgan Downgrade Amidst Fluctuations
Netflix Inc. (NASDAQ:NFLX) is a leading streaming service provider, offering a wide range of TV shows, movies, and original content to subscribers worldwide. The company has revolutionized the entertainment industry with its on-demand streaming model. Netflix faces competition from other streaming giants like Amazon Prime Video, Disney+, and Hulu.
On May 17, 2025, Rob Bresnahan engaged in a sale transaction involving Netflix shares valued between $1,001 and $15,000. This transaction comes at a time when Netflix's stock is experiencing fluctuations. Recently, Netflix shares declined by over 2.3% in premarket trading, as highlighted by a downgrade from JPMorgan.
JPMorgan adjusted its rating for Netflix from "overweight" to "neutral," despite raising its price target from $1,150 to $1,220. This new target indicates a potential upside of 2.38% from the last closing price of $1,191.53. The current stock price of Netflix is approximately $1,186.93, reflecting a decrease of about 0.39% or $4.61.
Today, Netflix's stock has fluctuated between a low of $1,170.29 and a high of $1,191.31. Over the past year, the stock has reached a high of $1,196.50 and a low of $587.04. The company's market capitalization is approximately $505.1 billion, with a trading volume of 1,487,223 shares on the NASDAQ.
Netflix Inc. (NASDAQ:NFLX) Stock Sale and Momentum Investing Insights
- Rob Bresnahan engaged in a sale transaction of Netflix Inc. (NASDAQ:NFLX) shares, valued between $1,001 and $15,000.
- Netflix's Momentum Style Score of B suggests a strong upward trend in its stock price, indicating potential for further gains.
- The stock's average brokerage recommendation (ABR) is 1.61, with 66.7% of brokerage firms rating Netflix as a Strong Buy.
On May 17, 2025, Rob Bresnahan engaged in a sale transaction involving shares of Netflix Inc. (NASDAQ:NFLX), with the transaction valued between $1,001 and $15,000. Netflix, a leading streaming service provider, is known for its vast library of movies and TV shows. It competes with other streaming giants like Amazon Prime Video and Disney+.
Netflix is currently a strong contender for momentum investors, as highlighted by Zacks Investment Research. Momentum investing involves buying stocks that have shown an upward trend, with the expectation that they will continue to rise. Netflix's Momentum Style Score of B indicates a robust trend in its stock price, suggesting potential for further gains.
Wall Street analysts are optimistic about Netflix's prospects. The stock's average brokerage recommendation (ABR) is 1.61, indicating a position between Strong Buy and Buy. Out of 45 brokerage firms, 30 have rated Netflix as a Strong Buy, accounting for 66.7% of all recommendations. This positive sentiment can influence investor decisions and potentially drive the stock price higher.
Top mutual funds have also shown increased interest in Netflix, as reported by Investors Business Daily. This surge in buying activity reflects strong confidence in Netflix's future performance among leading investors. Alongside Netflix, other stocks like DoorDash and Palantir have also attracted significant attention from these influential funds.
Despite a recent decrease of 2.49% in its stock price, Netflix remains a significant player in the market. The stock's current price is $1,111.81, with a market capitalization of approximately $473.15 billion. Over the past year, Netflix's stock has fluctuated between a high of $1,164 and a low of $587.04, indicating its dynamic nature in the market.
Netflix Inc. (NASDAQ:NFLX) Stock Sale and Momentum Investing Insights
- Rob Bresnahan engaged in a sale transaction of Netflix Inc. (NASDAQ:NFLX) shares, valued between $1,001 and $15,000.
- Netflix's Momentum Style Score of B suggests a strong upward trend in its stock price, indicating potential for further gains.
- The stock's average brokerage recommendation (ABR) is 1.61, with 66.7% of brokerage firms rating Netflix as a Strong Buy.
On May 17, 2025, Rob Bresnahan engaged in a sale transaction involving shares of Netflix Inc. (NASDAQ:NFLX), with the transaction valued between $1,001 and $15,000. Netflix, a leading streaming service provider, is known for its vast library of movies and TV shows. It competes with other streaming giants like Amazon Prime Video and Disney+.
Netflix is currently a strong contender for momentum investors, as highlighted by Zacks Investment Research. Momentum investing involves buying stocks that have shown an upward trend, with the expectation that they will continue to rise. Netflix's Momentum Style Score of B indicates a robust trend in its stock price, suggesting potential for further gains.
Wall Street analysts are optimistic about Netflix's prospects. The stock's average brokerage recommendation (ABR) is 1.61, indicating a position between Strong Buy and Buy. Out of 45 brokerage firms, 30 have rated Netflix as a Strong Buy, accounting for 66.7% of all recommendations. This positive sentiment can influence investor decisions and potentially drive the stock price higher.
Top mutual funds have also shown increased interest in Netflix, as reported by Investors Business Daily. This surge in buying activity reflects strong confidence in Netflix's future performance among leading investors. Alongside Netflix, other stocks like DoorDash and Palantir have also attracted significant attention from these influential funds.
Despite a recent decrease of 2.49% in its stock price, Netflix remains a significant player in the market. The stock's current price is $1,111.81, with a market capitalization of approximately $473.15 billion. Over the past year, Netflix's stock has fluctuated between a high of $1,164 and a low of $587.04, indicating its dynamic nature in the market.
Guggenheim Maintains "Buy" Rating for Netflix (NASDAQ:NFLX) with Increased Price Target
- Guggenheim has raised its price target for Netflix (NASDAQ:NFLX) from $1,100 to $1,150, maintaining a "Buy" rating.
- Netflix's current stock price is $987.45, indicating a recent increase of approximately 1.48% or $14.42.
- The company's market capitalization stands at approximately $422.39 billion, with a trading volume of 2,782,153 shares on the NASDAQ.
On April 18, 2025, Guggenheim maintained its "Buy" rating for Netflix (NASDAQ:NFLX), with the stock trading at $973.03. Guggenheim raised its price target for Netflix from $1,100 to $1,150, as highlighted by TheFly. Netflix is a major player in the streaming industry, competing with companies like Disney+ and Amazon Prime Video.
Netflix has recently gained significant attention on Zacks.com, indicating strong investor interest. This suggests that investors are eager to understand Netflix's future prospects. As a leader in streaming, any strategic changes or financial results from Netflix could significantly impact its stock performance.
Currently, Netflix's stock price is $987.45, marking an increase of approximately 1.48% or $14.42. Today, the stock has fluctuated between $983 and $1,017.82. Over the past year, Netflix's stock has seen a high of $1,064.50 and a low of $542.01, showcasing its volatility.
Netflix's market capitalization is approximately $422.39 billion, reflecting its substantial size in the industry. Today's trading volume on the NASDAQ is 2,782,153 shares, indicating active investor engagement. This level of trading activity underscores the market's keen interest in Netflix's performance and future developments.
Guggenheim Maintains "Buy" Rating for Netflix (NASDAQ:NFLX) with Increased Price Target
- Guggenheim has raised its price target for Netflix (NASDAQ:NFLX) from $1,100 to $1,150, maintaining a "Buy" rating.
- Netflix's current stock price is $987.45, indicating a recent increase of approximately 1.48% or $14.42.
- The company's market capitalization stands at approximately $422.39 billion, with a trading volume of 2,782,153 shares on the NASDAQ.
On April 18, 2025, Guggenheim maintained its "Buy" rating for Netflix (NASDAQ:NFLX), with the stock trading at $973.03. Guggenheim raised its price target for Netflix from $1,100 to $1,150, as highlighted by TheFly. Netflix is a major player in the streaming industry, competing with companies like Disney+ and Amazon Prime Video.
Netflix has recently gained significant attention on Zacks.com, indicating strong investor interest. This suggests that investors are eager to understand Netflix's future prospects. As a leader in streaming, any strategic changes or financial results from Netflix could significantly impact its stock performance.
Currently, Netflix's stock price is $987.45, marking an increase of approximately 1.48% or $14.42. Today, the stock has fluctuated between $983 and $1,017.82. Over the past year, Netflix's stock has seen a high of $1,064.50 and a low of $542.01, showcasing its volatility.
Netflix's market capitalization is approximately $422.39 billion, reflecting its substantial size in the industry. Today's trading volume on the NASDAQ is 2,782,153 shares, indicating active investor engagement. This level of trading activity underscores the market's keen interest in Netflix's performance and future developments.
Netflix (NASDAQ:NFLX) Receives New Price Target from Guggenheim
- Michael Morris from Guggenheim sets a new price target for Netflix (NASDAQ:NFLX) at $1,150, indicating an 18.19% potential increase.
- Netflix demonstrates strong performance in Q1, with earnings of $6.61 per share and sales of $10.54 billion.
- The company shows resilience amid economic challenges, with no significant impact from tariffs and trade disputes.
On April 18, 2025, Michael Morris from Guggenheim set a new price target for Netflix (NASDAQ:NFLX) at $1,150. At the time of this announcement, Netflix's stock price was $973.03. This new target represents an 18.19% increase from the current price. Netflix is a leading streaming service provider, competing with companies like Disney+ and Amazon Prime Video.
Netflix is showing resilience amid economic challenges, as highlighted by its strong first-quarter performance. Following the release of its Q1 report, Netflix's stock surged in after-hours trading. Co-Chief Executive Greg Peters stated that the company has not experienced any significant impact from economic disruptions caused by tariffs and trade disputes.
Peters noted that there have been no substantial changes in subscriber churn or downgrades in service plans. Netflix is closely monitoring consumer sentiment and the broader economic landscape, but currently, there is nothing significant to report. The company's low-cost, advertising-supported service plan could provide additional resilience if the macroeconomic environment deteriorates.
In the first quarter, Netflix reported earnings of $6.61 per share, marking a 25% increase year over year, with sales reaching $10.54 billion, up 12.5%. The stock is poised to break out from a double-bottom base if the after-hours gains continue into Monday. The current price of Netflix is $973.03, reflecting an increase of 1.19% or $11.40.
Today, the stock has traded between a low of $956 and a high of $984.70. Over the past year, Netflix has seen a high of $1,064.50 and a low of $542.01. The company's market capitalization stands at approximately $416.22 billion. Today's trading volume for Netflix on the NASDAQ is 7.46 million shares.
Netflix (NASDAQ:NFLX) Receives New Price Target from Guggenheim
- Michael Morris from Guggenheim sets a new price target for Netflix (NASDAQ:NFLX) at $1,150, indicating an 18.19% potential increase.
- Netflix demonstrates strong performance in Q1, with earnings of $6.61 per share and sales of $10.54 billion.
- The company shows resilience amid economic challenges, with no significant impact from tariffs and trade disputes.
On April 18, 2025, Michael Morris from Guggenheim set a new price target for Netflix (NASDAQ:NFLX) at $1,150. At the time of this announcement, Netflix's stock price was $973.03. This new target represents an 18.19% increase from the current price. Netflix is a leading streaming service provider, competing with companies like Disney+ and Amazon Prime Video.
Netflix is showing resilience amid economic challenges, as highlighted by its strong first-quarter performance. Following the release of its Q1 report, Netflix's stock surged in after-hours trading. Co-Chief Executive Greg Peters stated that the company has not experienced any significant impact from economic disruptions caused by tariffs and trade disputes.
Peters noted that there have been no substantial changes in subscriber churn or downgrades in service plans. Netflix is closely monitoring consumer sentiment and the broader economic landscape, but currently, there is nothing significant to report. The company's low-cost, advertising-supported service plan could provide additional resilience if the macroeconomic environment deteriorates.
In the first quarter, Netflix reported earnings of $6.61 per share, marking a 25% increase year over year, with sales reaching $10.54 billion, up 12.5%. The stock is poised to break out from a double-bottom base if the after-hours gains continue into Monday. The current price of Netflix is $973.03, reflecting an increase of 1.19% or $11.40.
Today, the stock has traded between a low of $956 and a high of $984.70. Over the past year, Netflix has seen a high of $1,064.50 and a low of $542.01. The company's market capitalization stands at approximately $416.22 billion. Today's trading volume for Netflix on the NASDAQ is 7.46 million shares.
