Netflix Stock Dips Slightly but Ranks 20th in Trading Volume as Jefferies Boosts Price Target to $1400

On June 3, 2025, Netflix (NFLX) experienced a slight decline of 0.09%, with a trading volume of $28.73 billion, ranking 20th in the day's stock market activity.

Jefferies has reiterated its 'buy' rating for Netflix, citing a strong lineup of releases, additional price increases, and ad revenue as key drivers for the company's growth. The firm has also raised its price target for Netflix stock to $1,400 from $1,200, reflecting a 16% upside from the current share price of approximately $1,208.

Jefferies analysts believe that Netflix's growth will be driven by US price hikes, with limited churn from recent price increases suggesting long-term pricing power. The company's second-half content slate, including major franchises like Squid Game, Stranger Things, and Wednesday, is expected to boost engagement and revenue.

Netflix's foray into live sports and entertainment is seen as a strategic move to expand its audience reach and create new monetization opportunities. The analysts estimate that Netflix's ad business could grow from approximately $2 billion in 2025 to over $10 billion in the long term, with the company sustaining 20%+ annual free cash flow growth over the next five years.