Netflix stock: Wedbush cuts target to USD 90.00

Published on 10/21/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 12.87 billion on October 20, 2026. Netflix stock costs EUR 58.74 on October 21, 2026, 5.61 percent below its Xetra close.

Wedbush target cut to USD 90.00

Wedbush cut its Netflix target from USD 105.00 to USD 90.00 on October 16, 2026.
Netflix stock trades at a P/E ratio of 19.38 and is down 27.78 percent in 2026.
Netflix stock costs EUR 58.74 at Lang & Schwarz on October 21, 2026 at 3:42 p.m. CEST, 5.61 percent below the Xetra close of October 20, 2026.

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Netflix (US64110L1061) stock is facing a lower Wedbush target after the research firm cut its view from USD 105.00 to USD 90.00 on October 16, 2026, while keeping an Outperform rating, MarketBeat reported. Against the USD 66.96 Nasdaq price at 9:58 a.m. ET on October 21, 2026, the USD 90.00 target is 34.41 percent above the price. At Lang & Schwarz, Netflix was trading at EUR 58.74 on October 21, 2026 at 3:42 p.m. CEST, down 5.61 percent versus the Xetra close of October 20, 2026 at EUR 62.23.

Target still sits above Nasdaq price

The Wedbush target leaves a 34.41 percent gap to the Nasdaq price, but the target cut itself shows how sharply analyst expectations have been reset. MarketBeat said the firm retained its Outperform rating alongside the reduction from USD 105.00 to USD 90.00 on October 16, 2026.

Stock stays near its yearly low

Netflix traded at USD 66.96 on Nasdaq at 9:58 a.m. ET on October 21, 2026. The quote stood 4.48 percent above the USD 64.09 52-week low and 42.63 percent below the USD 116.73 high. The stock was down 27.78 percent in 2026, while volume reached 26,408,564 shares at that timestamp.

Valuation meets a weaker outlook

Netflix had a market capitalization of USD 278.8 billion and a P/E ratio of 19.38 as of October 21, 2026. The latest quarterly figures add a mixed operating backdrop: for the third quarter ended September 30, 2026, revenue reached USD 12.87 billion against USD 12.87 billion expected, while diluted earnings per share came to USD 0.87 versus USD 0.82 expected, according to CNBC on October 20, 2026.

What does the target cut mean?

The immediate investor question is whether the lower target reflects a temporary earnings reaction or a more cautious view of growth. Netflix's fourth-quarter revenue outlook was USD 13.44 billion, below the USD 13.51 billion analyst estimate cited by CNBC on October 20, 2026.

Netflix price remains below Xetra close

Netflix was trading at EUR 58.74 at Lang & Schwarz on October 21, 2026 at 3:42 p.m. CEST, 5.61 percent below the Xetra close of October 20, 2026 at EUR 62.23. The Nasdaq price was USD 66.96 at 9:58 a.m. ET on October 21, 2026, a separate home-market quotation.

The further course of trading is shown by the continuously updated real-time quote of Netflix stock.