Netflix Stock Rises Following Strong Q1 Earnings Report

Netflix shares rose following a strong first-quarter earnings report that exceeded Wall Street expectations for both revenue and profit, leading to a wave of analyst optimism and price target increases. Piper Sandler and TD Cowen raised their price targets for Netflix, citing robust financial performance and a positive full-year outlook. BMO Capital Markets also lifted its target, highlighting the successful launch of Netflix's U.S. ad-supported tier and plans for a global rollout, which are expected to double advertising revenue in 2025. Analysts view Netflix as resilient to broader economic headwinds, with additional growth potential from expanded ad-tech capabilities and AI-powered targeting tools. The upbeat sentiment was reinforced by Netflix's Co-CEO, who expressed confidence in the company’s current trajectory despite macroeconomic uncertainties.