Netflix up after Canaccord raises price target

ReutersMay 16, 2025 3:54 PM

Shares of Netflix NFLX.O up 1.1% at $1,190.96

Canaccord Genuity raises PT on NFLX to $1,380 from $1,200

Brokerage believes NFLX's ad tier may be approaching an inflection point and emerging as a key driver of its long-term growth strategy

NFLX has been growing its investment in U.S. production in recent years, which should help it mitigate any impact should a 100% tariff on foreign-made movies be implemented - brokerage

U.S. President Donald Trump earlier in May announced a 100% tariff on movies produced outside the country, without providing any details on how the levies would be implemented

NFLX has risen 32.2% YTD, as of last close

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