Netflix price target raised to $950 from $825 at Guggenheim

Guggenheim raised the firm’s price target on Netflix (NFLX) to $950 from $825 and keeps a Buy rating on the shares. The firm says Netflix “remains the undisputed streaming leader,” and it continues to see that leadership position driving sustained, long-term shareholder returns. The stock is down 10% from their early December highs, due to a “demanding” valuation, a view that it is too early to see upside to 2025 guidance provided with the Q3 earnings, and currency headwinds driven by a stronger U.S. dollar in Q4, the analyst tells investors in a research note. Despite currency-driven downward revisions to its 2025 estimates, Guggenheim expects Netflix’s core revenue growth approaching 14% and long-term models upside fueled by global member growth runway, subscription pricing power, advertising revenue expansion, and the company’s “unique” multi-market content sourcing strategy.