Goldman Sachs cuts target for Netflix stock to USD 90

Published on 10/07/2026 at 14:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target fell from USD 94 to USD 90 on October 6, 2026. Netflix stock costs EUR 61.69 versus EUR 61.01, plus 1.11 percent.

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Netflix stock (ISIN US64110L1061) was trading at EUR 61.69 at Lang & Schwarz on October 7, 2026 at 2:47 p.m. CEST, plus 1.11 percent versus the prior close of EUR 61.01. On October 6, 2026, Goldman Sachs cut its Netflix target from USD 94 to USD 90 while maintaining a Buy rating, according to Investing.com.

Target cut meets slowing growth

The target reduction came ahead of Netflix's third-quarter report and reflected concerns about user growth and engagement. Goldman Sachs cited engagement headwinds while keeping the Buy rating, creating a sharper split between the company's operating progress and the stock's recent valuation pressure.

Netflix reported USD 12.56 billion in revenue for the second quarter of 2026, up 13.4 percent year over year, with diluted earnings per share of USD 0.80 and an operating margin of 33.4 percent, InsiderFinance reported on October 2, 2026. The revenue figure remains the key comparison point because growth was lower than the 17.6 percent reported for the fourth quarter of 2025.

Revenue guidance faces a test

Management guided to 12 percent reported revenue growth for the third quarter of 2026 and 13 percent to 14 percent top-line growth for the full year, according to the Q2 earnings-call transcript published by Longbridge on September 29, 2026. The same transcript said Netflix repurchased USD 4.7 billion of shares in the second quarter, giving capital returns a visible role alongside content investment.

Netflix is scheduled to release third-quarter 2026 results on October 20, 2026, after the market close, with management expected to discuss revenue, margins and advertising growth. The company guided to third-quarter revenue of USD 12.86 billion and an operating margin of 33.2 percent, figures that set a clear benchmark for the report.

Stock stays near its yearly low

The Nasdaq context places Netflix's last quote at USD 68.69 on October 6, 2026 at 4:00 p.m. EDT, with a 52-week range of USD 65.08 to USD 124.86. Its market capitalization was USD 286.0 billion on that date, while the euro quote from Lang & Schwarz stood above its prior close on October 7.

For investors, the central tension is measurable: Netflix combines double-digit revenue growth and a 33.4 percent quarterly operating margin with a target cut tied to engagement concerns. The October 20 results will put the 12 percent quarterly growth guide and 33.2 percent margin guide against fresh operating data. The further course of trading is shown by the continuously updated real-time quote of Netflix stock.