TD Cowen raised its price target on Netflix (NASDAQ:NFLX) to $1,440 from $1,325, reiterating a Buy rating, ahead of what it anticipates will be a strong Q2 and a robust second half of 2025.

The firm forecasts Q2 revenue to grow 17% year-over-year, driven by strong subscriber growth, and estimates revenue and operating income will come in 1.5% and 3.1% above consensus, respectively. TD Cowen’s latest survey also indicates Netflix is gaining pricing power, even after its January 2025 price increase.

Looking ahead, the analysts expect Netflix’s blockbuster 2H25 content slate, combined with momentum in advertising, margin expansion, and ad tech rollout, to reinforce its leadership position and drive further upside.