JPMorgan Loves Netflix Stock (NFLX) Now That Warner Bros. Pursuit Has Been Abandoned

FomoAnxiety · 2026-03-02T19:22:04+00:00

JPMorgan Chase upgraded Netflix's stock rating to Buy after the company abandoned its acquisition of Warner Bros. Discovery. Analysts view Netflix as a strong growth opportunity, highlighting its ad business and robust content without significant risk from AI investments.

FomoAnxiety

2026-03-02 19:22:04

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JPMorgan Chase JPM -0.42% ▼ has upgraded Netflix’s NFLX +1.11% ▲ stock to Buy from Hold now that the streaming giant has abandoned its pursuit of Warner Bros. Discovery WBD +0.76% ▲ .

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JPMorgan had disliked Netflix’s $82 billion takeover bid for Warner Bros. Discovery so much that the bank had temporarily stopped coverage of the movie and television streaming company. But now, JPMorgan Chase has resumed coverage and lifted its rating on NFLX stock to a Buy.

With Netflix dropping its pursuit of Warner Bros Discovery, analysts believe the streaming giant is still a healthy organic growth story, citing its “under-monetized” ad business and strong content. They also like that Netflix is neither shelling out billions in AI capex, nor being hurt by disruption risk.

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