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Investing.com-- Seaport analysts on Monday upgraded their rating on Netflix Inc (NASDAQ:NFLX) and presented a positive stance on the streaming giant ahead of its third-quarter earnings, which are due on October 21.
Seaport upgraded Netflix to Buy from Neutral and raised its price target on the stock to $1,385.0 from $1,230.0.
Seaport noted that a recent moderation in Netflix’ share momentum could just be investors digesting the stock’s more than 30% gain so far this year.
Seaport lauded the company’s continued market share gains against rivals, and said that the company’s “continued professional, curated content” was driving up engagements.
Seaport also sees Netflix gaining more operating leverage and advertising revenue.
“We would be buyers ahead of the 3Q25 print on Oct. 21,” Seaport analysts said.
Netflix largely outpaced the Nasdaq Composite so far in 2025, as the streaming giant clocked quarters of strong earnings thanks to hit shows such as Adolescence and Squid Game, and surprise hits such as KPop Demon Hunters.
Netflix is expected to post earnings per share of $6.96 on revenue of $11.52 billion for the September quarter, Investing.com forecasts showed. This compares to EPS of $5.4 and revenue of $9.82 billion from a year ago.