Quick Overview
- Q1 2026 financial results scheduled for release on April 16
- Wedbush Securities increased NFLX price objective to $118 from previous $115 target, reaffirming Buy recommendation
- Evercore ISI maintained Outperform stance with $115 price objective
- Analyst consensus anticipates Q1 earnings per share of $0.79 with revenue reaching $12.18 billion, marking 15.5% year-over-year expansion
- Among 39 Wall Street analysts, 30 assign Buy ratings, with consensus price objective at $115.84
The streaming entertainment leader is preparing to unveil its first-quarter 2026 financial performance on April 16, backed by renewed optimism from Wall Street analysts who have recently upgraded their outlooks and increased price projections.
Wedbush Securities analyst Alicia Reese elevated her price objective for NFLX shares to $118 from the previous $115 mark, while maintaining a Buy recommendation. Reese highlighted the company’s robust expansion opportunities in international advertising markets and momentum from recent subscription pricing adjustments as primary catalysts supporting the increased valuation. This revised target suggests approximately 15% appreciation potential from present trading levels.
Evercore ISI reinforced its positive stance, maintaining an Outperform rating alongside a $115 price objective in advance of the quarterly announcement. The investment firm characterized Wall Street’s consensus revenue projection of $12.2 billion—reflecting 15.5% year-over-year advancement—as achievable, considering the streaming platform’s content slate and advantages derived from 2025 pricing enhancements.
Netflix’s stock presently changes hands at $103.42, translating to a market capitalization of $436.87 billion.
Wall Street’s Quarterly Projections
Analysts are projecting first-quarter earnings per share of $0.79, which would signify more than 15% year-over-year advancement. Revenue is anticipated to reach $12.18 billion.
Operating profit is forecasted at $3.94 billion, corresponding to a 32.4% margin.
Looking toward the second quarter, the Street projects revenue of $12.6 billion—representing 13.6% year-over-year growth. Evercore ISI anticipates Netflix will either uphold or modestly elevate its complete-year 2026 outlook, which presently projects revenue spanning $50.7 billion to $51.7 billion, a 31.5% operating margin, and $11 billion in unlevered free cash generation.
The entertainment streaming pioneer concluded 2025 with fourth-quarter revenue of $12.05 billion, up 18% year-over-year and surpassing analyst expectations. The platform also achieved 325 million paid memberships by year-end—a benchmark the company had been pursuing for multiple quarters.
Market participants will be monitoring whether membership expansion sustained momentum during Q1 notwithstanding recent pricing increases, and the degree to which the advertising-supported subscription tier is enhancing overall revenue performance.
Broader Wall Street Perspective
In addition to Wedbush and Evercore ISI, several other investment firms have refreshed their assessments before the earnings announcement.
TD Cowen reaffirmed a Buy recommendation with a $112 objective, anticipating 4.56 million net membership additions. Deutsche Bank elevated its target to $100 while maintaining a Hold stance. Morgan Stanley increased its objective to $115 with an Overweight rating, emphasizing sustainable double-digit revenue expansion. Barclays maintained an Equalweight rating at $115.
Among the 39 analysts tracking NFLX, 30 assign Buy ratings and nine recommend Hold positions. The consensus price objective stands at $115.84, suggesting approximately 13% upside potential from current valuation.
Wedbush also identified possible challenges—pricing resistance across European markets and persistent legal matters could pressure near-term investor sentiment, even as the broader advertising narrative remains constructive.
The streaming company produced $45.18 billion in trailing twelve-month revenue, with earnings per share of $2.53. Shares currently trade at a price-to-earnings multiple of 40.84.
