Wall Street Turns More Bullish on Netflix Ahead of Oct. 21 Earnings

Overview

• Analysts report a consensus Buy rating with an average 11.9% upside, and the stock is up about 35% year to date.
• Seaport Global upgraded Netflix to Buy with a $1,385 target and projects ad revenue to double to roughly $3.1 billion in 2025 and potentially reach $16 billion by 2030.
• Morgan Stanley kept a Buy rating with a $1,500 price target, pointing to consistent subscriber growth and expanding international reach.
• Itau BBA began coverage with an Outperform rating and a $1,514 price target, reinforcing the bullish tilt.
• Seaport indicated it would be a buyer before the Oct. 21 Q3 earnings call, and investor Josh Brown said he is holding his shares despite Elon Musk’s campaign against the company.