Analyst Raises Netflix Price Target to Street-High $1,600, Citing Streaming Dominance

Netflix shares have surged 40% year-to-date, driven by robust Q1 earnings, subscriber growth, and the success of its ad-supported tier. Pivotal Research analyst Jeffrey Wlodarczak raised his price target to $1,600—the highest on Wall Street—reflecting 24% upside potential. The upgrade is based on 2026 estimates, with Netflix's leadership in global streaming underpinning the bullish outlook.

Wlodarczak highlights Netflix's brand strength, expansive content library, and international expansion as key differentiators. The firm also increased its terminal EBITDA multiple, signaling confidence in the company's ability to command an earnings premium. Despite its global reach, Netflix remains underpenetrated in several markets, suggesting further growth opportunities.