Netflix price target raised to $1,425 from $1,200 at Oppenheimer

Oppenheimer raised its price target on Netflix (NASDAQ:NFLX) to $1,425 from $1,200 on Thursday, while maintaining an Outperform rating on the streaming giant’s stock. The company, currently trading near its 52-week high of $1,262.81, has demonstrated remarkable strength with an 87.66% return over the past year. According to InvestingPro data, Netflix maintains a perfect Piotroski Score of 9, indicating exceptional financial strength.

The research firm cited Netflix’s unmatched global streaming position, which it believes provides the company with a long subscriber growth runway, pricing power, and significant advertising opportunity. With current revenues of $40.17 billion and a market capitalization of $519.52 billion, Oppenheimer forecasts Netflix’s revenue will double and operating income will triple by 2030, with advertising revenue reaching $9 billion, aligning with internal forecasts reported by The Wall Street Journal on April 14, 2025.

The firm projects $100 billion in cumulative share repurchases through 2030, representing 20% of Netflix’s current market capitalization, despite anticipated cash content spending of $130 billion during the same period.

Near-term catalysts include a strong second-half content slate and recent price increases, which Oppenheimer believes will drive continued outperformance. The firm did note a medium-term risk exists if a large technology company acquires Warner Bros. Discovery (NASDAQ:WBD)’s streaming and studios business after its planned split.

Oppenheimer’s new target is based on a 25x multiple of projected 2030 earnings per share, discounted four years at 7%, reflecting what the firm calls a premium valuation justified by Netflix’s unique market positioning. The stock currently trades at a P/E ratio of 56.53x, reflecting investors’ confidence in its growth trajectory.

In other recent news, Netflix has announced a significant investment plan, committing over $1.14 billion to produce content in Spain over the next four years. This move is part of Netflix’s broader strategy to expand its international content library and cater to a global audience. In addition to this development, several analyst firms have adjusted their stock price targets for Netflix, reflecting confidence in the company’s growth prospects. UBS raised its price target to $1,450, citing strong trends in the streaming industry and shifts away from traditional TV. Jefferies increased its target to $1,400, highlighting Netflix’s strong content lineup and price increases as catalysts for future revenue growth. BofA Securities lifted its target to $1,490, pointing to Netflix’s impressive subscriber growth and potential expansion into advertising and sports content. Evercore ISI also raised its target to $1,350, noting Netflix’s significant growth potential within the global entertainment market. These analyst adjustments suggest a positive outlook for Netflix as it continues to navigate competitive pressures in the streaming industry.

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