Netflix's first-quarter results led several Wall Street analysts to raise their price targets on the stock. The company's earnings per share easily beat analysts' expectations. Revenue also topped estimates, growing 13% year on year. The report sent Netflix shares higher by more than 3% in the premarket, bucking the broader market's negative trend. JPMorgan's Doug Anmuth increased his target on the stock to $1,150 from $1,025 following the report. "NFLX continues to play offense in its business, while the stock remains defensive in the uncertain environment," Anmuth wrote in a research note Sunday. "On offense, content was strong in 1Q w/one series (Adolescence) & 3 films breaking into NFLX's all-time most popular lists," he said. "On the defensive side, NFLX is subscription-based w/low churn." Anmuth added that the company does not have direct impact from tariffs, unlike many other multinational companies. NFLX 5D mountain NFLX rises Wells Fargo analyst Steven Cahall also moved his price target to $1,222 from $1,210, which indicates shares rising 25.6% from their current levels. "We think NFLX has substantially higher relative appeal in this uncertain macro, though its long-term vectors remain its compelling feature: aggregating viewership share to drive revenue/profits through entertainment, sports and ads," Cahall said in a Sunday note to clients. The streaming company's comparative insulation from trade war fallout makes it a more attractive name in the near term, Cahall said. Other shops that boosted their price targets on the stock include Goldman Sachs, Evercore ISI, Morgan Stanley and Piper Sandler: Goldman Sachs: The bank raised its target to $1,000 from $995, implying upside of nearly 3%. "As the company moved past the reporting of quarterly subscriber counts, NFLX mgmt continued to emphasize the revenue opportunity ahead as they capitalize on a relatively small share of total media consumption trends with a mixture of content pipeline that will remain stimulative of membership growth, pricing power and the scaling of its ad supported tier in the years ahead," analyst Eric Sheridan wrote, maintaining his neutral rating Evercore ISI: The firm increased its price target to $1,150 from $1,100, pointing to 18% upside. "Netflix is simply running away with the Streaming market thanks to excellent execution, a stellar content slate, and scale advantages," said analyst Mark Mahaney, who has an outperform rating on the stock. Morgan Stanley: The bank hiked its target to $1,200 from $1,150, signaling 23% upside. "Our OW thesis on NFLX shares reflects our view that there is durable growth over many years built on nearly two hours of engagement per subscriber, and growing," analyst Benjamin Swinburne wrote. "We see this engagement and continued innovation in product and monetization tools sustaining +20-25% adj. EPS CAGR over the next four years through double-digit revenue growth and consistent margin expansion," the analyst added. He has an overweight rating on shares. Piper Sandler: The firm moved its target up by $50 to $1,150. "NFLX may be the best positioned name in consumer internet with a strong entertainment value proposition and defensible subscription model. A solid 1Q25 print & conservative guidance supports this view," said analyst Thomas Champion. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
