Seaport Global Securities Upgrades Netflix (NFLX) to Buy

Seaport Global Securities analyst David Joyce upgraded Netflix (NASDAQ: NFLX) from Neutral to Buy with a price target of $1,385.00.

The analyst comments: "We are upgrading our Netflix (NFLX) recommendation to Buy from Neutral, and placing a new $1,385 PT (now a 2026 view) on the shares. We think the shares' momentum, which has moderated lately, could be digesting the YTD +30% gains ahead of the advertising infrastructure build-related monetization momentum. We note the continued y/y market share gains vs. linear (although YouTube TV has still been the share winner) but also the continued professional, curated content that is driving engagement leadership. We layered into our estimates a bit more operating leverage and ad revenue given the market-share expansion. We would be buyers ahead of the 3Q25 print on Oct. 21."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $1163.31 yesterday.

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