- Morgan Stanley cut its Netflix price target to $80 from $83 and kept an overweight rating in a research report dated Thursday, October 8, 2026.
- NFLX opened at $69.70 with a 1 year range of $65.08 to $124.86. Consensus is Moderate Buy with a $94.70 average price target.
- Netflix reported Q2 EPS of $0.80, topping estimates by $0.01. Revenue of $12.56 billion was slightly below the $12.58 billion consensus.
- Reported plans to cut about 5% of the workforce and a $200 million acquisition of U.S. rights for the 2027 Women's World Cup are cited as the main offsetting factors.
Quotes
“The stock opened trading down 1.8% at $70.30, despite Netflix reporting Q2 earnings per share that slightly exceeded analyst estimates”