TD Cowen Cuts Netflix (NASDAQ:NFLX) Price Target to $115.00

Netflix (NASDAQ:NFLX) had its price target lowered by TD Cowen from $142.00 to $115.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the Internet television network’s stock.

A number of other research firms also recently weighed in on NFLX. Moffett Nathanson reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, November 12th. Benchmark restated a “hold” rating on shares of Netflix in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $152.50 target price on shares of Netflix in a research report on Monday, December 8th. Citigroup reissued a “neutral” rating and set a $129.50 price target (up from $128.00) on shares of Netflix in a research report on Friday, October 3rd. Finally, Hsbc Global Res upgraded shares of Netflix to a “strong-buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.91.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $88.05 on Tuesday. The company has a fifty day moving average price of $99.41 and a 200 day moving average price of $113.11. The firm has a market cap of $373.10 billion, a PE ratio of 36.78 and a beta of 1.71. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix has a 1-year low of $82.11 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.96 by ($1.09). The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.51 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.40 EPS. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Research analysts predict that Netflix will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 20,270 shares of Netflix stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $109.21, for a total transaction of $2,213,646.16. Following the completion of the transaction, the chief executive officer owned 151,680 shares in the company, valued at approximately $16,564,669.44. This trade represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 426,290 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $91.67, for a total value of $39,078,004.30. Following the transaction, the director directly owned 3,940 shares in the company, valued at approximately $361,179.80. This trade represents a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,598,370 shares of company stock worth $168,251,193 in the last three months. Insiders own 1.37% of the company’s stock.

Institutional Investors Weigh In On Netflix

Several hedge funds have recently added to or reduced their stakes in the business. First Financial Corp IN grew its stake in Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock valued at $25,000 after buying an additional 243 shares during the last quarter. Imprint Wealth LLC bought a new stake in shares of Netflix during the third quarter worth approximately $25,000. Retirement Wealth Solutions LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $28,000. MB Levis & Associates LLC increased its stake in shares of Netflix by 177.8% during the fourth quarter. MB Levis & Associates LLC now owns 300 shares of the Internet television network’s stock worth $28,000 after purchasing an additional 192 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Netflix during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix struck a global deal to stream Sony Pictures films after theatrical windows — adds premium content licensing that supports subscriber value and long-term revenue. Read More.
• Positive Sentiment: Ad-tier momentum remains a bright spot: stronger ad growth and record ad-quarter metrics underpin longer-term monetization upside beyond subscriptions. Read More.
• Positive Sentiment: Some analysts reaffirmed bullish ratings (BMO buy reaffirmed, and an analyst-driven upgrade lifted shares in recent sessions), providing a counterbalance to headline risk. Read More.
• Neutral Sentiment: Q4 earnings on Jan. 20 is the immediate catalyst — analysts expect revenue/earnings roughly in-line but will watch subscriber trends, ad growth and guidance for 2026. Read More.
• Neutral Sentiment: A judge ruled Warner Bros. Discovery doesn’t need to disclose deal details soon to shareholders, keeping some WBD deal details under wraps — this limits near-term transparency but doesn’t block the transaction. Read More.
• Negative Sentiment: Unusual options activity: traders bought ~828,879 put contracts (?163% above average), signaling elevated hedging or bearish bets ahead of earnings and M&A developments.
• Negative Sentiment: Analysts and investors remain concerned about the WBD takeover overhang — reports that Netflix may switch to an all-cash offer raise fears of a near-term cash drain and FY2026 EPS dilution. Read More.
• Negative Sentiment: Price-target cuts and cautious notes (e.g., Wedbush trimmed its target) highlight execution questions and the valuation hit from M&A/legal uncertainty. Read More.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.