Netflix (NASDAQ:NFLX – Get Free Report) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Streaming video giant Netflix (NASDAQ: NFLX) announced better-than-expected revenue in Q4 CY2024, with sales up 16% year on year to $10.25 billion. Revenue guidance for the full year exceeded analysts’ estimates,

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,