BMO Capital Cuts Netflix (NFLX) Price Target to $125

BMO Capital has reiterated its Outperform rating on Netflix and set a new price target of $125 on October 16, 2026, a 77.20% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:56 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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BMO Capital cut its price target on Netflix, Inc. ($NFLX) to $125 from $135 on October 16, 2026, and rates the stock "Outperform".

NFLX Netflix, Inc.

$70.53 -22.49% year to date

Daily close · Oct 16, 2026

Key Points

BMO Capital maintains an Outperform rating on Netflix, lowering its price target from $135 to $125 on October 16, 2026.
BMO Capital's $125 price target implies 77.20% upside from Netflix, Inc.'s ($NFLX) current $70.54 share price.
Netflix shares recently traded around $70.27, significantly below the analyst's new target and the 52-week high of $124.86.
The average price target among analysts for Netflix stands at approximately $91.95, with 45 analysts providing their opinions.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Netflix, Inc. alert may contain errors. Disclosures

BMO Capital has reiterated its Outperform rating on Netflix, Inc. (NFLX) and set a new price target of $125 on October 16, 2026. This is a decrease from their previous target of $135. The stock was recently trading around $70.27, which is significantly lower than the new target.

Analyst rating track record

BMO Capital vs. the S&P 500

YTD return -0.42% hypothetical

All-time return -0.42% S&P 500 +0.36%

vs. S&P 500 -0.78% behind the index

Hypothetical returns from BMO Capital's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Netflix

Blackrock Inc. holds 348,770,600 shares of Netflix, valued at about $24.6 billion, after increasing its stake by 2,527,574 shares. Vanguard Capital Management LLC owns 275,026,936 shares worth approximately $19.4 billion, having added 631,110 shares. State Street Corporation has 180,129,582 shares valued at about $12.7 billion, increasing its position by 8,479,513 shares. However, FMR, LLC reduced its stake by 68,725,894 shares, ending with 135,937,268 shares worth about $9.6 billion. Invesco Ltd. has 135,419,167 shares in Netflix, valued at around $9.6 billion, after adding 3,957,011 shares.

Netflix, Inc. Stock Holds Steady

As of October 16, 2026, Netflix shares were trading at $70.27, which is below both the 50-day moving average of $75.16 and the 200-day moving average of $83.00. The stock is also about 43.7% below its 52-week high of $124.86 but 8.0% above its 52-week low of $65.08. This positioning indicates that the stock is currently struggling compared to its historical performance.

12-month forecast

$NFLX price target

Netflix, Inc. daily closes and this analyst's $125 target. Not advice.

Recent Earnings

Netflix reported trailing twelve-month revenue of approximately $48.4 billion, with an earnings per share (EPS) of $3.18. The company has shown a revenue growth of 13.4% year-over-year and a net margin of 28.2%. The next earnings report is scheduled for October 20, 2026.

Insider Buying and Selling at Netflix, Inc.

Recent insider transactions show that Gregory K. Peters, the CEO, sold 27,312 shares on August 6, 2026, for a total of about $2,008,606 at an average price of $73.54. Spencer Adam Neumann, the CFO, sold 9,248 shares on August 10, 2026, valued at around $700,907 at an average price of $75.79. Director Richard N. Barton sold 720 shares on September 8, 2026, for $55,872 at an average price of $77.60, and another 1,440 shares on September 10, 2026, valued at $109,102.

Analysts Set New Price Targets

On October 8, 2026, Morgan Stanley maintained an Overweight rating with a price target of $80.00, down from $83.00. Keybanc also maintained an Overweight rating, lowering its target from $92.00 to $85.00 on October 13, 2026. BMO Capital's recent target of $125.00 represents a significant reduction from its prior target, while Wedbush maintained its Outperform rating with a target of $90.00, down from $105.00. Rosenblatt kept a Neutral rating with a target of $75.00.

About Netflix, Inc.

Netflix, Inc. is a leading provider of streaming entertainment services worldwide, offering a wide range of TV shows, movies, documentaries, and games. Founded in 1997 and headquartered in Los Gatos, California, the company has grown to serve millions of subscribers across various internet-connected devices. The recent analyst ratings reflect ongoing adjustments as Netflix navigates a competitive landscape.

Bottom Line

Investors will be watching Netflix closely as it approaches its next earnings report on October 20, 2026. The recent price target adjustments by analysts suggest a cautious outlook, especially given the stock's performance relative to its historical averages.