Streaming giant Netflix continues to be championed by Wall Street analysts, who view the company as “resilient” in a tough economic environment after strong first-quarter earnings were shared earlier this week.
Netflix grew its revenue 13% for the first quarter of 2025, reporting $10.54 billion compared to $10.52 billion expected by analysts. The company’s earnings per share came at $6.61 compared to expectations of $5.71 in EPS.
Netflix stock was largely unscathed by the broader dip in the stock market. It jumped by 1.19% on Thursday, closing at $973.03 per share and being 9.73% up year-to-date. It gained another 3.47% in extended trading.
Wall Street analysts now believe that Netflix stock could be a “safe haven” for investors in the volatile stock market. Bank of America’s Jessica Reif Ehrlich said in a note that Netflix is “predictable in an unpredictable world” and kept the Buy rating on the stock with a price target of $1,175.
Pivotal Research’s Jeff Wlodarczak said that Netflix is “likely to be highly resilient” even in the global recession scenario. He raised the stock’s price target from$1,250 to $1,350 while maintaining the Buy rating.
Oppenheimer’s analysts also raised their price target from $1,150 to $1,200 with an Outperform rating while Guggenheim analyst Michael Morris upped his price target to $1,150 from the previous $1,100.