Wedbush Cuts Netflix (NFLX) Price Target to $90

Wedbush has reaffirmed its Outperform rating on Netflix with a new price target of $90, a 27.59% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 16, 2026, 8:15 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Wedbush cut its price target on Netflix, Inc. ($NFLX) to $90 from $105 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

On October 16, 2026, Wedbush reiterated its Outperform rating on Netflix, Inc. (NFLX) with a new price target of $90, down from $105.
Wedbush's $90 price target implies 27.59% upside from Netflix, Inc.'s ($NFLX) current $70.54 share price.
Recently, NFLX shares traded around $70.27, which is about 21.9% below the new analyst target.
The stock is also trading below its 50-day moving average of $75.16 and 200-day average of $83.00.

Get $NFLX trade alerts by text

We text you when insiders, Congress or big funds trade $NFLX. Free.

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

Netflix, Inc. (NFLX) received a reaffirmation of its Outperform rating from Wedbush on October 16, 2026. The firm set a new price target of $90, down from $105. This target is notably below the recent trading level of $70.27.

Analyst rating track record

Wedbush vs. the S&P 500

YTD return -12.86% hypothetical

All-time return -12.86% S&P 500 +3.73%

vs. S&P 500 -16.59% behind the index

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

Other Institutional Activity in Netflix

Various institutional investors have also been active in Netflix. Blackrock Inc. holds 348,770,600 shares, valued at about $24.6 billion, after adding 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 increased its stake by 8,479,513 shares, bringing its total to 180,129,582 shares valued at around $12.7 billion. In contrast, FMR, LLC reduced its holdings by 68,725,894 shares, now owning 135,937,268 shares valued at about $9.6 billion.

Netflix, Inc. Stock Holds Steady

As of October 16, 2026, Netflix shares traded at $70.27, which is 21.9% below Wedbush's new price target and about 43.7% below its 52-week high of $124.86. The stock is currently underperforming its 50-day moving average of $75.16 and its 200-day average of $83.00.

12-month forecast

$NFLX price target

Netflix, Inc. daily closes and this analyst's $90 target. Not advice.

Recent Earnings

In its latest earnings report, Netflix reported a trailing twelve-month revenue of $48.4 billion, reflecting a year-over-year revenue growth of 13.4%. The company achieved a net margin of 28.2% and a return on equity of 49.5%. The next earnings report is scheduled for October 20, 2026.

Insider Buying and Selling at Netflix, Inc.

Recent insider transactions include sales by Gregory K. Peters, the CEO, who sold 27,312 shares at an average price of $73.54 on August 6, 2026, totaling about $2 million. Spencer Adam Neumann, the CFO, sold 9,248 shares at $75.79 on August 10, 2026, for approximately $700,907. Director Richard N.

Analysts Set New Price Targets

On the same day as Wedbush's announcement, BMO Capital maintained its Outperform rating for Netflix with a price target of $125, down from $135. Earlier, on October 8, 2026, Morgan Stanley maintained an Overweight rating with a target of $80, while Keybanc also maintained an Overweight rating with a target of $85 on October 13, 2026. The mean price target from analysts is currently around $91.95, based on 45 opinions, suggesting a consensus of a buy recommendation.

About Netflix, Inc.

Netflix, Inc. is a leading entertainment service provider that offers a wide range of TV series, movies, documentaries, and games to a global audience through streaming. Headquartered in Los Gatos, California, the company has been a pioneer in the digital streaming space since its inception in 1997. Its ability to adapt and innovate continues to make it a significant player in the entertainment industry.

Bottom Line

Investors should keep an eye on Netflix's upcoming earnings report on October 20, 2026, and watch for any further analyst updates or institutional activity, particularly given the recent adjustments in price targets from several firms.