Netflix Soars 0.91% On Strong Earnings, Bullish Outlook

Netflix's (NFLX) share price surged to a record high today, with an intraday gain of 0.91%.

Netflix reported strong earnings for Q1 2025, surpassing earnings estimates with earnings per share of $6.61, compared to the consensus estimate of $5.69. Revenue increased 13% year-over-year to $10.54 billion, slightly below the consensus estimate of $10.55 billion. The company provided an optimistic outlook for the ongoing quarter, expecting revenues to grow 15% year-over-year to $11.04 billion and earnings per share to rise 44% to $7.03, above the consensus estimates at the time of guidance.

Netflix aims to reach a market capitalization of $1 trillion by the end of the decade, planning to double its annual revenues to $80 billion. This growth is expected to be driven by its ad-supported subscription model and international market expansion, targeting an increase in subscribers to approximately 410 million by 2030.

Several analysts have raised their price targets for Netflix, reflecting bullish sentiment. Notable upgrades include Morgan Stanley and Wedbush increasing their targets to $1,200, while Piper Sandler raised its target to $1,150. KeyBanc, Goldman Sachs, JP Morgan, and Deutsche Bank also lifted their targets, demonstrating confidence in Netflix's growth prospects and resilience.

Netflix's stock has reached new all-time highs, driven by robust performance and investor confidence. The company is viewed as a leader in the streaming industry, with its stock climbing over 20% this year despite economic challenges.