"Morgan Stanley kept its Overweight rating on Netflix stock with a $115 price target and said it would 'buy the dip.' The firm nudged up its FY27 EPS forecast to $3.87 and finds 'valuation compelling for a compounder with pricing power.'"
"JPMorgan also maintained an Overweight rating on NFLX stock with a $118 price target and recommends buying on the selloff. The firm believes Netflix 'continues to execute well, with considerable growth headroom.'"
"Needham maintained its Buy rating on Netflix shares with a $120 price target, citing lower churn, pricing power, and new mobile engagement products including vertical video, video podcasts, and kids' games."
"Piper Sandler raised its price target to $115 from $103 with an Overweight rating, calling the Q1 print in line and noting Netflix 'appears refocused on core with adjacent initiatives like ads growing well.'"
Netflix reported Q1 2026 earnings with EPS of $1.23 and revenue of $12.25 billion, beating revenue estimates but missing EPS expectations. The Q2 guidance was below expectations, leading to a 10% drop in shares. Analysts are divided; some see a buying opportunity while others warn of deceleration risks. Morgan Stanley and JPMorgan maintained Overweight ratings, citing growth potential and pricing power. Needham and Piper Sandler also expressed optimism, highlighting lower churn and new engagement products as positive factors for Netflix's future.
Read at 24/7 Wall St.
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