Netflix Inc. (NFLX)
Following Netflix’s fourth-quarter earnings report, analysts across major investment banks and research firms have updated their outlooks, adjusting price targets and reiterating ratings. The company exceeded revenue estimates but missed on subscriber estimates, causing some targets to be lowered as firms assessed the impact of rising content costs, competition, and near-term challenges in subscriber growth. Below is a detailed summary of the latest analyst updates, providing insights into market sentiment and expectations for Netflix’s performance in 2026.
Analyst Updates:
BMO Capital Markets: Following Netflix’s Q4 earnings, BMO Capital Markets lowered its Outperform price target from $143.00 to $135.00, maintaining an Outperform outlook on the stock.
Canaccord Genuity Group: Canaccord Genuity Group lowered its target fo Netflix from $152.50 to $125.00, maintaining a Buy rating despite the recent earnings miss.
Deutsche Bank: Deutsche Bank reiterated its Hold rating on Netflix and adjusted its price target to $98.00 after the Q4 report.
Guggenheim: Guggenheim lowered its Buy target for Netflix from $145.00 to $130.00, reflecting tempered expectations following the earnings release.
HSBC: HSBC slightly lowered its Buy target for Netflix from $107.00 to $106.00, keeping a positive outlook on the company’s long-term growth.
Moffett Nathanson: Moffett Nathanson reduced its Buy target for Netflix from $140.00 to $115.00, signaling caution after the earnings report.
Morgan Stanley: Morgan Stanley maintained an Overweight rating but lowered its price target from $120.00 to $110.00, reflecting a more conservative outlook post-earnings.
Needham & Company LLC: Needham & Company lowered its Buy target from $150.00 to $120.00, maintaining a positive stance on Netflix’s future growth.
Oppenheimer: Oppenheimer set an Outperform target of $125.00, down from $145.00, citing cautious optimism despite Netflix’s earnings miss.
Piper Sandler: Piper Sandler reiterated a Positive rating but lowered its price target from $140.00 to $103.00 following the Q4 results.
Rothschild & Co Redburn: Rothschild & Co Redburn lowered its Buy target from $145.00 to $120.00, showing caution after the earnings release.
Sanford C. Bernstein: Sanford C. Bernstein lowered its Outperform target from $125.00 to $115.00, maintaining a positive rating on Netflix.
Susquehanna: Susquehanna upgraded Netflix with a positive outlook, setting a price target of $112.00 following the earnings report.
TD Securities/Cowen: TD Cowen lowered its Buy target from $115.00 to $112.00, keeping a positive rating on Netflix despite near-term volatility.
UBS Group : UBS Securities lowered its Buy target from $150.00 to $130.00, maintaining a positive outlook for Netflix.
Wolfe Research: Wolfe Research lowered its Outperform target from $121.00 to $95.00, reflecting caution on near-term growth.
Wedbush: Wedbush reiterated an Outperform rating on Netflix with a price target of $115.00, showing confidence in long-term performance.
William Blair: William Blair reiterated an Outperform rating on Netflix following the Q4 earnings.
Jefferies Financial Group: Jefferies Financial Group maintained a Buy rating on Netflix.
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