Phillip Securities adjusted its stance on Netflix (NASDAQ:NFLX) stock, downgrading the rating from Neutral to Reduce, even as the firm increased the price target to $870 from the previous $695. The revision comes in the wake of Netflix's strong membership growth and the success of its advertising business,

Streaming video giant Netflix (NASDAQ: NFLX) announced better-than-expected revenue in Q4 CY2024, with sales up 16% year on year to $10.25 billion. Revenue guidance for the full year exceeded analysts’ estimates,

Netflix shares moved firmly higher in early Wednesday trading, and look set to pass the $1,000 mark for the first time on record, following a blowout set of fourth quarter earnings that cemented its lead as the world's biggest streaming group and triggered a flurry of upgrades from analysts on Wall Street.

Analysts were bullish on Netflix stock ahead of its earnings beat, but what is Wall Street saying now? We take a closer look.

Netflix shares soared to a new all-time high of $999 per share on Wednesday after a blockbuster fourth quarter earnings report that included a record-breaking 18.9 million subscriber adds — nearly double Wall Street's consensus estimates — for a total of 301.