Netflix (NASDAQ:NFLX) Receives New Price Target from Guggenheim

• Michael Morris from Guggenheim sets a new price target for Netflix (NASDAQ:NFLX) at $1,150, indicating an 18.19% potential increase.
• Netflix demonstrates strong performance in Q1, with earnings of $6.61 per share and sales of $10.54 billion.
• The company shows resilience amid economic challenges, with no significant impact from tariffs and trade disputes.

On April 18, 2025, Michael Morris from Guggenheim set a new price target for Netflix (NASDAQ:NFLX) at $1,150. At the time of this announcement, Netflix's stock price was $973.03. This new target represents an 18.19% increase from the current price. Netflix is a leading streaming service provider, competing with companies like Disney+ and Amazon Prime Video.

Netflix is showing resilience amid economic challenges, as highlighted by its strong first-quarter performance. Following the release of its Q1 report, Netflix's stock surged in after-hours trading. Co-Chief Executive Greg Peters stated that the company has not experienced any significant impact from economic disruptions caused by tariffs and trade disputes.

Peters noted that there have been no substantial changes in subscriber churn or downgrades in service plans. Netflix is closely monitoring consumer sentiment and the broader economic landscape, but currently, there is nothing significant to report. The company's low-cost, advertising-supported service plan could provide additional resilience if the macroeconomic environment deteriorates.

In the first quarter, Netflix reported earnings of $6.61 per share, marking a 25% increase year over year, with sales reaching $10.54 billion, up 12.5%. The stock is poised to break out from a double-bottom base if the after-hours gains continue into Monday. The current price of Netflix is $973.03, reflecting an increase of 1.19% or $11.40.

Today, the stock has traded between a low of $956 and a high of $984.70. Over the past year, Netflix has seen a high of $1,064.50 and a low of $542.01. The company's market capitalization stands at approximately $416.22 billion. Today's trading volume for Netflix on the NASDAQ is 7.46 million shares.