Quick Read – Netflix (NFLX) reported Q1 2026 revenue of $12.25B, up 16.19% YoY and beating estimates, with free cash flow surging 91.44% to $5.09B despite an EPS miss; the ad business is scaling rapidly with over 4,000 advertisers and 60% of new sign-ups in ad markets choosing…
e cheaper tier. – Netflix faces a 28x trailing P/E valuation against intensifying competition from tech giants, recent EPS misses driven by Brazilian tax charges, and Polymarket traders assigning only 18% odds the stock finishes above $90 this week, though management’s $12.5B 2026 FCF guidance and expanding ad revenue provide a bullish counterweight. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Netflix wasn’t one of them. Get them here FREE
Few stocks have whipsawed investors in 2026 the way Netflix (NASDAQ:NFLX) has. Shares plunged from $126.03 in July 2025 to a $77 trough in February 2026, then clawed back to $88.27 as of May 6. Our 24/7 Wall St. price target for Netflix is $338.63, implying 283.63% upside.
The recommendation is buy at 90% confidence. From a $77 Trough to a Q1 Beat Netflix shares are down 10.78% over the past month, 5.86% year to date, and 22.41% over the trailing year, sitting 15% below the $134.12 52-week high. The selloff accelerated after the April 16, 2026 Q1 earnings report, where shares fell from $107.99 at filing to $97.86 within an hour.