Morgan Stanley cuts target for Netflix stock to USD 80

Published on 10/08/2026 at 15:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 13.40 percent to USD 12.56 billion. Netflix stock was EUR 62.71 on October 8, 2026, versus EUR 62.21, plus 0.80 percent.

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Netflix (ISIN US64110L1061) was trading at EUR 62.71 at Lang & Schwarz on October 8, 2026 at 3:37 p.m. CEST, up 0.80 percent versus the EUR 62.21 prior close. On October 8, 2026, Morgan Stanley lowered its Netflix target from USD 83.00 to USD 80.00 while retaining an Overweight rating, according to MarketBeat.

Three dates frame the debate

On September 14, 2026, Netflix announced that it would publish third-quarter results at 1:01 p.m. Pacific Time on October 20, according to Netflix. On October 4, 2026, co-CEO Ted Sarandos said live programming represented 5.00 percent of a USD 20.00 billion annual content budget while generating roughly 1.00 percent of viewing, as reported by Yahoo Finance. On October 8, 2026, Morgan Stanley cut its target by USD 3.00, leaving the latest analyst action at the end of the sequence.

What does the target cut mean for Netflix margins

The target reduction matters because Netflix is still expanding while the pace is moderating. Second-quarter 2026 revenue rose 13.40 percent year over year to USD 12.56 billion, while operating profit reached USD 4.19 billion and net income was USD 3.40 billion, according to Yahoo Finance. The operating margin was 33.00 percent, giving investors a concrete measure of how much profitability remains behind the revenue growth.

The same report said Netflix guided for third-quarter revenue of USD 12.86 billion and an operating margin of 33.20 percent. That forecast implies revenue growth of 12.00 percent, below the second quarter's 13.40 percent rate, making engagement and advertising execution central to the next update.

Dates that matter next

Netflix is scheduled to release third-quarter 2026 results on October 20, 2026, at 1:01 p.m. Pacific Time. The company has also scheduled its live video interview for October 20, 2026, at 1:45 p.m. Pacific Time, according to Netflix.

Netflix stock stays below its yearly high

Netflix stock was trading at EUR 62.71 at Lang & Schwarz on October 8, 2026 at 3:37 p.m. CEST, with a plus 0.80 percent change versus the EUR 62.21 prior close. The primary Nasdaq listing was at USD 70.86 at 9:47 a.m. ET on October 8, 2026, while its 52-week range was USD 65.08 to USD 124.86. The further course of trading is shown by the continuously updated real-time quote of Netflix stock.