Quick Read – Netflix (NFLX) posted Q1 2026 revenue of $12.24B, up 16.19% YoY, and raised full-year free cash flow guidance to $12.5B from $11B, while advertising revenue is on track to roughly double to $3B with advertiser count up 70% YoY to over 4,000 clients.
The company’s operating margin is guided to 31.5%, with Q2 margin expected at 32.6%. – Netflix is rebounding from weakness as advertising scaling and free cash flow inflection create operating leverage that Wall Street consensus has underpriced, with bullish margin guidance and a restarted $6.8B buyback program offsetting near-term sentiment headwinds. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Netflix wasn’t one of them
Get them here FREE. Netflix (NASDAQ:NFLX) trades at $88.60, well off its 52-week high of $134.12, and our proprietary model sees substantial room to run as the advertising tier scales and free cash flow inflects. Our 24/7 Wall St. price target for Netflix is $318.36 over the next 12 months, implying 259.32% upside from current levels.
Our recommendation is buy, with a 90% confidence score reflecting strong analyst consensus and accelerating earnings power. From $134 Down to $88: What Just Happened to Netflix Netflix has been a tough hold. Shares are down 25.42% over the past year and 5.5% year-to-date, bottoming at $77 in February before clawing back.