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NFLXNetflix, Inc.
$63.41$264.0B
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Netflix, Inc. (NFLX) Research Brief

Wall Street consensus, price target range, and equity research thesis

Buy100 Analyst Coverage
Consensus Target
$86+36.0% Upside
Current: $63.41
Analyst Range
Low $57High $141
12-Month High/Low Spread
Ratings Mix
62 Buy·30 Hold·8 Sell
Earnings & Valuation
EPS Beat 6.1%
Forward P/E: 17.7x

Executive Summary & Research Take

Wall Street currently rates NFLX buy with a 12-month price target of $86 (+36.0% upside). The sections below cover the bull case, key risks, and latest earnings context for Netflix, Inc..

Recent Analyst Actions

NFLX Analyst Upgrades & Price Target Changes

21 of 24 analysts cut targets. Recent price target changes and ratings for NFLX.

Updated Nov 2026
FirmActionRatingPrice Target
Wolfe ResearchDowngradedPeer Perform—
Argus ResearchCutBuy$120$95
Pivotal ResearchCutHold$70$65
UBSCutBuy$115$100
CitigroupCutBuy$100$85
OppenheimerCutOutperform$85$80
Morgan StanleyCutOverweight$80$77
JP MorganCutOverweight$85$81

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Analyst Research Summary

Investment Thesis: Bull Case & Risk Factors

A structured look at the bull case, the risks, and the most recent earnings execution for NFLX.

Current setup

NFLX beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.

Bull Case

What keeps the long thesis intact

  • Subscriber Growth and MonetizationNetflix is expanding its global subscriber base and effectively monetizing through ad-supported tiers, with projections of reaching $3 billion in advertising revenue.
  • Content Strength and SlateThe company has a robust content pipeline for 2026, including major films and franchise returns, aimed at boosting subscriber growth.
  • Margin Expansion and ProfitabilityNetflix is guiding for increased operating margins in 2026 and is expected to generate significant free cash flow.
  • Consolidation OpportunitiesPotential consolidation in the streaming industry could benefit Netflix due to its scale and content licensing leverage.
  • Shareholder ReturnsNetflix has resumed share buybacks, demonstrating a commitment to returning capital to shareholders.
  • ValuationSome analyses suggest Netflix could be undervalued, with fair value estimates ranging from $122.30 to $134.77 per share.

Wall Street rates NFLX buy, giving the bull case institutional backing from 100 analysts.

Watch Out For

What can break the setup quickly

  • Intense CompetitionThe streaming market is highly competitive, with Disney+ and Amazon Prime posing significant threats to Netflix's market share.
  • Insider SellingSignificant insider selling has raised concerns about the company's future prospects among insiders.
  • Earnings Quality and MissesConcerns exist regarding the quality of Netflix's earnings, with some increases attributed to one-time fees rather than core operations.
  • Opportunity CostOther growth stocks like NVIDIA and Broadcom have outperformed Netflix, leading some investors to seek better returns elsewhere.
  • Subscriber Growth SaturationAs the streaming market saturates, Netflix may struggle to maintain its current growth rate.
  • Content Costs and Regulatory PressuresRising content costs and potential regulatory pressures could negatively impact profit margins.
  • Valuation ConcernsWhile some view it as undervalued, others highlight a high valuation and elevated expectations, making the stock vulnerable.

Watch whether new negative commentary on NFLX points to these structural risks or is simply reacting to short-term price moves.

NFLX Earnings Reaction — What the Last Quarter Showed

Last Quarter

EPS
$0.87 vs $0.82 est.Beat 6.1%
Revenue
$12.9B vs $12.9B est.Beat 0.0%
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NFLX — Frequently Asked Questions

Quick answers to the most common questions about buying NFLX stock.

What is the analyst consensus on NFLX?
Verdict

NFLX looks attractive at current levels — Wall Street's consensus rating is "Buy" with a $86 price target (+36.0% upside from $63.41). This is informational only — verify the data and consider your own risk tolerance before deciding.

What are recent analyst rating changes for NFLX?
Timing

Timing depends on your horizon, but the data signals are: consensus rating "Buy" with +36.0% upside to the $86 target. In the past 30 days, 21 of 24 covering analysts cut their price targets — a bearish signal.

What is the price target for NFLX stock?
Price Target

NFLX's consensus 12-month price target is $86, set by 100 Wall Street analysts. The bull case high is $141 and the bear case low is $57. From the current price of $63.41, this implies +36.0% upside.

Is NFLX overvalued or undervalued?
Valuation

NFLX appears undervalued — the $86 consensus target is +36.0% above today's $63.41. It trades at a forward P/E of 17.7x. Targets range from $57 (bear) to $141 (bull), reflecting different assumptions about growth and margins.

What were NFLX's latest earnings results?
Earnings

NFLX reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $86 target. Consider position sizing rather than going all-in pre-print.

What is the bull case for NFLX?
Coverage

Of 100 analysts covering Netflix, Inc. (NFLX): 0 Strong Buy, 62 Buy, 30 Hold, 8 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $86 (range $57–$141). Bullish analysts outnumber bearish by more than 2-to-1.

What are the risks of investing in NFLX?
Risks

8 of the 100 analysts covering NFLX rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on Netflix, Inc..

Financial Data & Software Notice: VCP Scanner is an educational financial research database and stock screening software platform. VCP Scanner does not generate, recommend, or package trade decisions, buy/sell signals, or personalized investment advice. Consensus ratings and price targets reflect aggregated third-party Wall Street analyst research from public SEC filings. See our Terms of Service and Privacy Policy.