Netflix (NFLX) Target Increased by Evercore Amid Expanding Market Potential

Evercore ISI analyst Mark Mahaney maintained his Outperform rating on May 30 while raising his price target for Netflix, Inc. (NASDAQ:NFLX) from $1,150 to $1,350. Mahaney’s upbeat outlook was supported by in-depth survey work conducted in the United States and the United Kingdom, along with a one-year improvement in the firm’s valuation methodology.

According to the analyst, Netflix, Inc. (NASDAQ:NFLX) has over $650 billion in global entertainment revenues (excluding China and Russia), which places it in a vast total addressable market. Nevertheless, Netflix’s market share is still around 10%, indicating significant room for expansion. Manahey also praised Netflix’s $7.99 ad-supported option, pointing out that it would be especially appealing during a recession.

That said, Mahaney acknowledged the difficulty for investors, pointing out that Netflix’s stock price is 38 times higher than its anticipated $31 earnings per share in 2026. The analyst’s stance on the NFLX stock is still “Consistently Constructive” in spite of this.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.