Trump says Iran war "close to over" amid hopes for more negotiations
Investing.com - MoffettNathanson raised its price target on Netflix Inc. (NASDAQ:NFLX) to $120 from $115 while maintaining a Buy rating on the stock. The stock currently trades at $103.16 with a market capitalization of $435.6 billion, though InvestingPro analysis suggests the stock is overvalued at current levels.
The firm values Netflix using an improved 2028 earnings per share estimate of $4.65 with an implied price-to-earnings-to-growth ratio of 1.15, slightly above the S&P 500 based on consensus estimates.
MoffettNathanson said the strength of the Netflix subscription business model along with incremental growth from advertising warrants a premium multiple.
The streaming company’s advertising business is expected to contribute to future growth alongside its core subscription revenue.
Netflix operates a subscription-based streaming service offering television series, films and other content to subscribers globally.
In other recent news, Netflix is preparing to announce its first-quarter 2026 earnings, with several investment firms weighing in on the company’s prospects. Evercore ISI has reiterated an Outperform rating with a $115.00 price target, aligning with expectations of $12.2 billion in revenue, a 15.5% increase from the previous year. The firm also projects an operating income of $3.94 billion with a 32.4% margin, and earnings per share estimated at $0.76. TD Cowen maintains a Buy rating and expects Netflix to report 4.56 million new subscribers, driven by popular original content like Bridgerton Season 4. Guggenheim also reiterated a Buy rating, noting Netflix’s strategy to double ad revenue to $3 billion by the end of 2026 after increasing prices across U.S. tiers. Deutsche Bank raised its price target to $100, citing higher operating income and earnings per share estimates. Meanwhile, Benchmark maintained a Hold rating, adjusting its forecast to account for potential subscriber churn due to recent price hikes. Netflix’s decision to abandon its bid for Warner Bros. Discovery was highlighted by several analysts as a significant strategic move.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.