Bernstein cuts Netflix stock target from USD 95.00 to USD 80.00

Published on 10/23/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netflix posted USD 12.87 billion in third-quarter revenue on October 20, 2026. Netflix stock costs EUR 59.32 versus EUR 59.47 at Xetra.

Results and analyst revisions

Netflix reported USD 12.87 billion in third-quarter revenue on October 20, 2026.
Bernstein lowered its Netflix target from USD 95.00 to USD 80.00 on October 21, 2026.
Netflix stock trades at EUR 59.32 at 11:18 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.25 percent below the Xetra close of October 22, 2026.

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Netflix (ISIN US64110L1061) reported USD 12.87 billion in third-quarter revenue on October 20, 2026, while Bernstein cut its target from USD 95.00 to USD 80.00. The latest update puts advertising execution and slower growth at the center of the stock debate.

Analysts cut targets after results

According to The Hollywood Reporter on October 21, 2026, Bernstein lowered its Netflix target from USD 95.00 to USD 80.00. MoffettNathanson also cut its target from USD 100.00 to USD 90.00, while Guggenheim reduced its target from USD 80.00 to USD 78.00.

The quarterly figures were mixed. Netflix delivered adjusted earnings per share of USD 0.87 against a USD 0.82 consensus estimate, but revenue of USD 12.87 billion matched expectations, according to CNBC.

What does the ad cut mean?

Netflix reduced its 2026 advertising revenue outlook from USD 3.00 billion to USD 2.70 billion. It also guided for fourth-quarter revenue of USD 13.44 billion, below the USD 13.51 billion consensus estimate, according to Yahoo Finance. The contrast is important: the earnings beat was quantified at USD 0.05 per share, while the advertising guide fell USD 0.30 billion from its earlier level.

Three dates define the reset

On October 20, 2026, Netflix reported third-quarter revenue of USD 12.87 billion and adjusted earnings per share of USD 0.87. On October 21, 2026, Bernstein cut its target to USD 80.00 from USD 95.00. On October 23, 2026, the euro quotation stood at EUR 59.32 during the late morning in Berlin.

Stock trades below its Xetra close

For investors, the central tension is between a USD 51.10 billion 2026 revenue outlook, representing 13.00 percent growth from the prior year, and a slower advertising ramp. Netflix reported operating profit of USD 4.46 billion for the third quarter, giving the results a substantial earnings base even as analysts marked down valuation assumptions.

Netflix stock was trading at EUR 59.32 at Lang & Schwarz on October 23, 2026 at 11:18 a.m. CEST, 0.25 percent below the Xetra close of October 22, 2026 at EUR 59.47. The further course of trading is shown by the continuously updated real-time quote of Netflix stock.