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Key Takeaways
- Netflix shares rose in the morning Monday as several analysts raised price targets for Netflix.
- After the bell on Thursday, the company announced better-than-expected results for its first quarter. Good Friday is a holiday for the markets.
- JPMorgan analysts said Netflix "continues to play offense in its business, while the stock remains defensive in the uncertain environment."
Netflix (NFLX), the streaming giant, saw its shares rise in premarket trading on Monday after several analysts raised the price target for its stock.
Netflix reported better than expected results after Thursday’s bell, and the markets were closed Good Friday. In notes published on Friday, several analysts noted that Netflix’s ability thrive in an uncertain economic climate is impressive.
Morgan Stanley analysts and Wedbush analysts raised their price targets from $1,150 to $1200, while Piper Sandler analysts increased it by $50 to $1150. Analysts at KeyBanc Goldman Sachs and Deutsche Bank also raised their price targets to $1,070 from $1,000, $955 and $875.
Netflix 'Continues to Play Offense' With New Content, Higher Prices
JPMorgan analysts made one of the biggest moves, retaining an "overweight" rating and raising their price target to $1,150 from $1,025. The analysts said that the streaming giant "continues to play offense in its business, while the stock remains defensive in the uncertain environment."
Netflix's cheapest ad-supported subscription tier makes it "widely accessible," the analysts said, noting that the streamer's management highlighted the low-priced tier as something that could prove resilient in an economic downturn or recession. Analysts tracked by Visible Alpha are divided between 15 "buy" ratings and four "hold" ratings, with an average price target of $1,125.44, a nearly 16% premium to Thursday's close.
Netflix shares rose 2% in premarket trade on Monday. They were up 9% on the day in 2025.
