Barclays raises Netflix stock price target to $1,100 on content slate

Investing.com - Barclays (LON:BARC) raised its price target on Netflix (NASDAQ:NFLX) to $1,100 from $1,000 while maintaining an Equalweight rating on Wednesday. According to InvestingPro data, Netflix currently trades near its 52-week high with a market capitalization of $542.74 billion.

The investment bank cited Netflix’s upcoming content slate as a positive factor, noting the streaming giant will release new seasons of two of its biggest shows, "Stranger Things" and "Wednesday," in the second half of the year, followed by NFL content later in 2025.

Barclays indicated that Netflix continues to benefit from weakness in the U.S. dollar, which should help boost margins throughout the year. The firm also noted that with Netflix no longer disclosing subscriber or ARPU metrics, it remains unclear what might disrupt the company’s current growth momentum.

The bank expressed some caution regarding Netflix’s advertising revenue, describing it as "a work in progress" that has been "trailing expectations." This factor could make it difficult for investors to deploy additional capital into Netflix shares at current valuations.

Barclays calculated that even with mid-teens revenue growth next year and a 200 basis point margin expansion, Netflix would trade at approximately 33 times 2026 estimated EBITDA, which remains higher than most of its peers.

In other recent news, Netflix is poised to report strong second-quarter results for 2025, with TD Cowen projecting a 17% year-over-year revenue increase driven by robust member growth. TD Cowen has raised its price target for Netflix to $1,440, maintaining a Buy rating, citing the company’s pricing power and a promising content slate for the latter half of the year. Meanwhile, Seaport Global Securities has downgraded Netflix from Buy to Neutral, noting the company’s efforts to enhance user engagement through potential partnerships and increased advertising revenue. Despite positive long-term adjustments, Seaport Global sees less than 10% upside potential, prompting the rating change. Goldman Sachs has also raised its price target for Netflix to $1,140, highlighting the company’s strong content lineup and resilient user growth. Additionally, Netflix’s "Squid Game" Season 3 set a new streaming record with 60.1 million views in three days, marking it as the ninth most-watched non-English TV show on the platform. In another development, Netflix announced the opening of Netflix House locations in Philadelphia and Dallas in late 2025, offering immersive experiences based on popular shows. These venues will feature interactive attractions, dining options, and exclusive merchandise, expanding Netflix’s reach beyond the digital realm.

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