Netflix (NFLX) PT Raised to $1,425 at Oppenheimer

Oppenheimer analyst Jason Helfstein raised the price target on Netflix (NASDAQ: NFLX) to $1,425.00 (from $1,200.00) while maintaining a Outperform rating.

The analyst commented, "Maintaining Outperform rating and increasing price target to $1,425 (was $1,200) based on 2030E. Currently, we see no scaled global streaming competitor, suggesting NFLX has a long subscriber runway, pricing power and robust advertising opportunity. We are forecasting revenue doubling and operating income tripling by 2030, with $9B of advertising revenue, in line with leaked internal forecast (per WSJ, 4/14/25). We forecast $100B of cumulative share repurchases, representing 20% of today's market cap, despite $130B of cumulative cash content spend. Near term, strong 2H content slate and recent price increases suggest continued outperformance. Medium-term risk if a large tech company acquires Warner Bros. Discovery streaming/studios business post split. Target based on 25x 2030E EPS, discounted 4 years at 7%-a premium valuation reflecting the company's unique positioning."

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