Netflix (NASDAQ: NFLX) Price Target Cut by Wedbush Amid Market Volatility

By Alex Lavoie16 Oct, 13:11From Financial Modeling Prep

Key points

Wedbush maintains an Outperform rating on Netflix (NASDAQ: NFLX) but lowers its price target to $90.00 from $105.00.
Netflix shares have experienced significant declines, down 20.00% year-to-date and trading near their 52-week low.
Analysts anticipate strong financial results for Netflix's upcoming October 20 earnings report, with expected EPS of $0.82 and revenue of $12.87 billion.

Netflix (NASDAQ: NFLX) operates a leading streaming service that competes with Disney (NYSE: DIS)+ and other video platforms. Wedbush, a prominent financial services firm, maintains an Outperform rating on the stock but cuts its price target to $90.00 from $105.00. At the quoted price of $72.61, the new target suggests an upside of about 24.00%. A price target is an analyst’s estimate of where a stock may trade, offering valuable investment insights.

The lower target comes as Netflix shares are down about 20.00% this year and 7.64% over the preceding month, reflecting current market performance. The stock is near the bottom of its 52-week range of $65.08 to $124.86. Analyst views differ on the investment outlook for Netflix: one expects an 88.00% gain over the next year, as highlighted by 24/7 Wall Street.

Netflix closed at $72.61 on October 15, 2026, up $2.04, or 2.89%, for the day. That exceeds the S&P 500’s 0.33% gain. The shares traded between $71.34 and $73.07 during the session, with about 40.1 million shares changing hands, indicating active trading in the streaming market.

Investors are looking ahead to Netflix’s October 20 earnings report. Analysts expect earnings of $0.82 per share, up 38.98% from a year earlier. They also expect revenue of $12.87 billion, up 11.84%. Earnings per share (EPS) measure profit divided by the number of shares, while revenue measures sales before expenses, providing key metrics for stock analysis.