May 16, 2025, 12:00 AM
May 16, 2025, 12:00 AM

Analysts raise Netflix's price target following positive Wall Street insights

Highlights
  • Analysts updated their ratings and price targets based on recent events.
  • Netflix's leadership provided insights that improved analysts' long-term forecasts.
  • Overall, analysts show optimism for several companies despite market challenges.
Story

On May 15, 2025, various analysts updated their ratings and price targets for major companies following significant events and presentations. In the United States, Wolfe Research reaffirmed its outperform rating on Netflix and raised its price target from $1,130 to $1,340, reflecting positive insights gained from a recent informal Q&A session with the company's leadership. This discussion provided valuable perspectives that reinforced long-term forecasts for Netflix's performance. Meanwhile, the analysis revealed a challenging situation for Coinbase; the stock experienced a drop of 7.2% after the company announced a cyberattack and reports surfaced that the SEC is investigating its verified users metrics. In contrast, Wedbush maintained its outperform rating on Apple while expressing optimism regarding its iPhone production in India, suggesting that previous concerns have been adequately addressed. Their stance is bolstered by a belief in Apple's cost-cutting initiatives and efforts to enhance returns. Elsewhere in the market, JPMorgan upgraded Pentair's rating from neutral to overweight due to an undemanding valuation, expecting that overly cautious volume expectations for the second half might not accurately reflect potential growth. Additionally, Barclays reiterated its buy rating on Advanced Micro Devices, projecting a price target increase on the stock as it gains market share amid varying conditions in both the PC and server sectors. Furthermore, Loop Capital upgraded its rating on Meta Platforms and increased its price target to $888, while Citi raised its target for Dell to $128, setting a positive tone ahead of earnings. UBS took a more neutral approach after upgrading Caterpillar, attributing its decision to trade negotiations indicating better market conditions. Conversely, Morgan Stanley maintained an equal weight on Boeing but increased its price target by a notable margin, indicative of expectations influenced by large aircraft orders. In conclusion, amid fluctuating performances across sectors, analysts appear optimistic about several leading companies, potentially signaling sustained confidence in growth, despite challenging market conditions.

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