Netflix Upgraded to ‘Buy’ as Seaport Analysts Expect Strong Q3 Performance

Seaport Research Partners has upgraded Netflix Inc (NASDAQ: NFLX) from Neutral to Buy, citing the streaming giant’s robust growth prospects ahead of its third-quarter 2025 earnings report, due on October 21. The firm also raised its price target to $1,385 from $1,230, reflecting increased confidence in Netflix’s financial and operational momentum.

According to Seaport, the recent slowdown in Netflix’s stock momentum likely reflects investors taking a breather after the company’s 30% surge year-to-date. Despite this pause, analysts remain optimistic, highlighting the company’s expanding global market share, strong content strategy, and improving operating leverage.

The report praised Netflix’s ability to sustain audience engagement through “professional, curated content” and continuous delivery of top-performing shows. Hits like Adolescence, Squid Game, and KPop Demon Hunters have driven both viewership and subscriber growth, solidifying Netflix’s dominance in the streaming landscape.

Seaport analysts added that Netflix is well-positioned to capitalize on advertising revenues, further diversifying its income streams. “We would be buyers ahead of the 3Q25 print on Oct. 21,” the analysts stated, signaling strong expectations for the upcoming earnings report.

Forecasts from Investing.com project Netflix to post earnings per share (EPS) of $6.96 on revenue of $11.52 billion for the September quarter, compared to $5.40 EPS and $9.82 billion revenue a year earlier.

Outpacing the Nasdaq Composite in 2025, Netflix continues to outperform with consistent quarterly growth. With compelling content, strategic monetization, and growing market share, analysts believe Netflix’s upward trajectory is far from over — making it a compelling buy for investors ahead of its next earnings release.