Netflix, Inc. (NASDAQ:NFLX) Stock Has Consensus Target Price of $93.38 According to Brokerages

Netflix, Inc. (NASDAQ:NFLX) has received an average recommendation of “Moderate Buy” from the fifty-six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $89.14.

Several equities research analysts have recently issued reports on NFLX shares. Yorkville Ives initiated coverage on Netflix in a research report on Monday, October 5th. They set an “in-line” rating and a $75.00 target price for the company. Rothschild & Co Redburn lowered their target price on Netflix from $120.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut their price target on shares of Netflix from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Piper Sandler restated an “overweight” rating and set a $78.00 price target (down from $85.00) on shares of Netflix in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group set a $84.00 price objective on shares of Netflix in a report on Wednesday, October 21st.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix exceeded third-quarter earnings expectations, reporting $0.87 in EPS versus the $0.82 consensus estimate. Revenue of $12.87 billion matched forecasts and increased 11.9% year over year. Record margins and improving economics provide fundamental support for the shares. Netflix Just Posted a Record Margin. So Why Is Wall Street Panicking?
• Positive Sentiment: Some research argues that Netflix’s wider margins, international revenue growth and disciplined economics could create a long-term opportunity, even as near-term engagement metrics weaken. Netflix: Not Winning On Attention, Winning On Economics
• Neutral Sentiment: Director Bradford Smith sold 17,980 shares for approximately $1.15 million under a pre-arranged Rule 10b5-1 trading plan. The sale reduces his holdings by 18.4%, but the planned nature of the transaction limits its significance as a signal about management’s outlook. Netflix Director SEC Filing
• Negative Sentiment: The main catalyst for the selloff is weak fourth-quarter revenue guidance and an implied full-year growth rate of roughly 13%. Investors viewed the outlook as insufficient despite the EPS beat, while Netflix also reduced its 2026 advertising-revenue outlook to approximately $2 billion.
• Negative Sentiment: Concerns that Netflix is losing watch-hour share and cultural relevance have raised questions about its ability to sustain subscriber engagement in its mature U.S. market. Management acknowledged that U.S. engagement can improve, adding to worries about competition from short-form video and artificial intelligence. Netflix Stock Falls on Report That Viewers Watch Less
• Negative Sentiment: Wall Street analysts have lowered their assessments, with Needham moving Netflix to Hold, Wolfe Research to Peer Perform, and UBS, Piper Sandler and Rosenblatt trimming price targets. The downgrades reinforce the view that the stock’s prior valuation assumed faster growth. Needham Downgrades Netflix

Insiders Place Their Bets

In other news, Director Richard Barton sold 720 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the completion of the sale, the director owned 2,460 shares in the company, valued at $185,164.20. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. The trade was a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 197,025 shares of company stock valued at $14,283,453. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Netflix

Institutional investors have recently bought and sold shares of the company. North Dakota State Investment Board raised its holdings in Netflix by 3.5% during the third quarter. North Dakota State Investment Board now owns 128,013 shares of the Internet television network’s stock valued at $8,907,000 after acquiring an additional 4,306 shares during the period. Financial Insights Inc. lifted its position in shares of Netflix by 27.6% in the third quarter. Financial Insights Inc. now owns 7,236 shares of the Internet television network’s stock valued at $503,000 after acquiring an additional 1,566 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Netflix by 3.0% in the third quarter. Laurel Wealth Advisors LLC now owns 36,833 shares of the Internet television network’s stock valued at $2,563,000 after acquiring an additional 1,083 shares in the last quarter. Sigma Investment Counselors Inc. boosted its stake in shares of Netflix by 18.5% in the third quarter. Sigma Investment Counselors Inc. now owns 4,639 shares of the Internet television network’s stock worth $323,000 after acquiring an additional 724 shares during the period. Finally, Victory Financial Group LLC boosted its stake in shares of Netflix by 18.4% in the third quarter. Victory Financial Group LLC now owns 14,529 shares of the Internet television network’s stock worth $1,011,000 after acquiring an additional 2,256 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 2.2%

NFLX stock opened at $62.52 on Wednesday. The firm has a market cap of $256.73 billion, a PE ratio of 18.07 and a beta of 1.62. The business has a 50 day moving average of $73.71 and a 200-day moving average of $81.99. Netflix has a 12-month low of $62.48 and a 12-month high of $116.73.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. During the same quarter last year, the business posted $0.59 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts expect that Netflix will post 3.59 earnings per share for the current year.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.