11:24 AM EDT, 04/08/2025 (MT Newswires) -- Netflix ( NFLX ) is expected to demonstrate resilience in a weaker global macro backdrop, with recent pullback seen as a buying opportunity, Morgan Stanley said in report on Tuesday.

"A more defensive lens to our M&E coverage leaves us incrementally bullish on Netflix ( NFLX ), our new Top Pick," the report said. M&E refers to media and entertainment industry.

"Momentum in its core subscription business combined with recent USD weakness should de-risk '25 estimates - even in a softer ad market," the note said.

Morgan Stanley said the most recent engagement report reinforced its bullish view as Netflix ( NFLX ) leverages originals, licensed content, and its global studio to drive member value.

Morgan Stanley reiterated its overweight rating and price target of $1,150 apiece.

Price: 905.67, Change: +37.84, Percent Change: +4.36