Citi Resumes Coverage of Netflix (NFLX) Stock

Netflix, Inc. (NASDAQ:NFLX) is one of the Top Wide Moat Stocks to Buy for Long Term Growth. On March 18, Citi resumed coverage of the company’s stock with a price objective of $115, reiterating a “Buy” rating. The firm believes that the upside is backed by improvement in profitability, pricing power, and enhanced capital returns. The firm’s analyst, Jason Bazinet, highlighted 3 reasons that can help Netflix, Inc. (NASDAQ:NFLX)’s stock.

Citi Resumes Coverage of Netflix (NFLX) Stock

Firstly, the analyst expects the company to raise its guidance for FY 2026 EBIT guidance. Secondly, it expects the US price hike in Q4 2026. Finally, the analyst expects to see larger share repurchases by the company. Furthermore, it believes that Netflix, Inc. (NASDAQ:NFLX)’s FY 2026 operating margins would increase 40 basis points above the consensus estimates, demonstrating a supportive cost outlook.

The increase in prices in the US can help drive further revenue improvements. Also, amidst the absence of large acquisitions, there are expectations of increased opportunities for capital returns.

Netflix, Inc. (NASDAQ:NFLX) is a global entertainment company, providing a subscription-based streaming service.

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