Netflix (NFLX 0.81%) saw its stock rise 1.8% amidst a broader market decline, fueled by positive analyst coverage following robust first-quarter results that exceeded expectations in sales and earnings, and a forecast of $8 billion in free cash flow. Investment firms like Wedbush, Morgan Stanley, and JPMorgan have raised their price targets, highlighting Netflix’s strong growth potential even amid macroeconomic volatility, with projected sales growth of 15% for Q2 and a full-year revenue target of $44 billion. The company plans to continue share buybacks and significant content investments, supported by a projected 29% operating income margin for the year.
