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,

Netflix's blockbuster Q4 earnings and subscriber adds exceeded expectations. Click here to find out the factors that justify a buy rating on NFLX stock.

Netflix shares have roughly doubled in the past year, setting a high bar for future growth as its market capitalization overtakes the valuations of rivals Disney, Comcast, Warner Bros. Discovery, and Paramount Global combined.

Rosenblatt Securities analyst upgraded Netflix (NASDAQ:NFLX) stock from Neutral to Buy, setting a price target of $1,494. The upgrade comes after a strong performance in the fourth quarter of 2024, prompting a reassessment of the company's prospects.