Netflix is experiencing a significant surge, with its stock achieving an impressive 11-day winning streak and closing at $1,156.52 on May 2, 2025—a record high for the company. This positive momentum in the stock market underscores growing investor confidence in the streaming giant's recent strategies and performance.
In its latest earnings report, Netflix announced a 16% boost in revenue to $10.25 billion and a 52% increase in operating income to $2.3 billion, exceeding Wall Street's expectations, as noted by Ainvest. The company also reported nearly 19 million new paid subscribers in the fourth quarter, marking the largest quarterly net additions in its history, according to Nasdaq.
Analysts have responded to these stellar results with several price target upgrades for Netflix. Goldman Sachs set a new 12-month price target of $960, whilst Bank of America upped its target to $800, citing the strength in Netflix's streaming leadership. Additionally, the success of Netflix’s ad-supported tier has generated a significant boost in ad revenue, complemented by popular live events that have drawn millions of new viewers and increased engagement, as reported by Investing.com.