Oppenheimer Stays Bullish on Netflix (NFLX), Keeps Outperform Rating

Netflix, Inc. (NASDAQ:NFLX) is one of the 10 Most Profitable Stocks of the Last 5 Years. On October 3, Oppenheimer analysts reiterated an Outperform rating on Netflix, Inc. (NASDAQ:NFLX) and kept the price target at $1,425.

Despite some weakness in the stock’s performance recently, the firm based this decision on strong third-quarter engagement data. Netflix, Inc. (NASDAQ:NFLX) plans to release its Q3 2025 results on October 21.

The analysts said:

“3Q engagement has been strong, with hours viewed +20% y/y and should only improve long-term as NFLX pushes more into live events, expanding its competitive advantage.”

Oppenheimer also believes that sports rights deals could add further value. Media reports show that Netflix, Inc. (NASDAQ:NFLX) might soon secure an exclusive deal for the New York Yankees’ Opening Day game. The firm highlighted the possibility of an NFL media rights announcement as the NFL renegotiates its deals ahead of schedule.

The analysts are also not concerned about competitive risks from media mergers. Oppenheimer believes the rumored Warner Bros. Discovery (WBD) and PSKY deal will not have much impact on Netflix, Inc. (NASDAQ:NFLX). This view is based on the firm’s analysis of the company’s viewership data.

Oppenheimer analysts also said:

“NFLX should also provide 2026 financial guidance for the first time, which we see as another catalyst.”

Netflix, Inc. (NASDAQ:NFLX) is an American media and entertainment company that provides streaming services on a wide variety of TV shows, movies, documentaries, original content, and games across a range of genres and languages.

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Disclosure: None. This article is originally published at Insider Monkey.