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Netflix (NFLX) shares have been on a roller-coaster ride over the last five years, surging on COVID-19 lockdowns and then falling from their highs as consumers returned to their pre-pandemic routines. As things have settled, Netflix appears to have maintained its streaming dominance, and this success has not gone unnoticed by Wall Street. Rosenblatt analyst Barton Crockett recently upgraded NFLX stock to a “Buy,” doubling his price target from $680 to an astonishing $1,494. Such a bullish call suggests that even after Netflix’s impressive gains over the past year, double-digit upside potential remains.
Could this upgraded target signal the perfect entry point for investors to capitalize on the stock’s strength? Let’s take a closer look.
