NFLX NETFLIX INC

Price Chart

Executive Summary

CFRA upgraded Netflix Inc (NFLX) from Hold to Buy on March 6, 2026, setting a price target of $115, representing 33.7% upside from the current $86.02. The upgrade is part of a 23-firm cluster action on NFLX, signaling broad analyst attention. CFRA has a 64% accuracy rate on 14 calls with an average return of 0.1%, placing it below the top-tier firms covering NFLX. The consensus is heavily bullish: 46 of 59 analysts rate it Buy or Strong Buy (78%), with a mean target of $114.56 and a high of $151.40. Price targets range from $80 to $151.40, and CFRA's $115 target is in line with the median. Momentum is mixed: 30-day EPS revisions show 4 up vs 23 down for the current quarter, but 21 up vs 7 down for next quarter, and 38 up vs 0 down for the current fiscal year. Insider selling is heavy — $22.3M in May 2026 from top executives including Reed Hastings ($17.4M) and Gregory Peters ($2.4M) — diverging from the bullish analyst signal. Institutional buying is massive, with Vanguard, FMR, Morgan Stanley, Bank of America, and Wells Fargo all more than doubling positions (changes of 831% to 1,086%). Short interest is elevated at 58.4% of TRF volume, suggesting potential squeeze risk. The next earnings date is July 15, 2026, about 4 months out, so no immediate catalyst. Bottom line: CFRA's upgrade aligns with a bullish consensus and strong institutional accumulation, but heavy insider selling and a mediocre firm track record temper conviction.

Impact Score

Consensus & Targets

Of 59 analysts covering NFLX, 46 rate it Buy or Strong Buy (78%), 13 rate it Hold (22%), and 0 rate it Sell or Strong Sell. The consensus is heavily bullish, with no bearish ratings.

Current price: $86.02. Mean target: $114.56 (33.2% upside). Median target: $115 (33.7% upside). High target: $151.40 (76.0% upside). Low target: $80 (7.0% downside). CFRA's $115 target is exactly at the median, in line with consensus.

Recent Analyst Activity

30-day analyst activity shows 0 upgrades and 0 downgrades. EPS revision trend is mixed: current quarter (0q) has 4 up vs 23 down revisions in 30 days, but next quarter (+1q) has 21 up vs 7 down, and current fiscal year (0y) has 38 up vs 0 down. Estimates are being revised higher for the full year but lower for the immediate quarter.

Firm Track Record — CFRA

CFRA accuracy: 64% on 14 calls | avg return: 0.1%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

CFRA has a 64% accuracy rate on 14 calls with an average return of 0.1%, ranking below the top-tier firms covering NFLX. Best-performing firms include Deutsche Bank, Macquarie, Baird, B of A Securities, Jefferies, and Evercore ISI Group (all 100% accuracy on small samples). Worst-performing among those listed is Pivotal Research at 78% on 9 calls.

Earnings Estimates

Next earnings: Jul 15, 2026

Cross-Platform Signals

Insider trades show heavy selling: $22.3M in May 2026 from CEO Reed Hastings ($17.4M), CFO Spencer Neumann ($0.8M), Gregory Peters ($2.4M), David Hyman ($0.5M), and Theodore Sarandos ($1.1M). This diverges from the bullish analyst signal. Congressional activity shows two small buys ($1K-$15K each) by Rep. Byron Donalds on March 20, 2026. Institutional buying is extremely strong: Vanguard (+912.5%), FMR (+827.9%), Morgan Stanley (+903%), Bank of America (+831%), and Wells Fargo (+1,086%) all more than doubled positions. Short interest is 58.4% of TRF volume, indicating elevated bearish positioning that could fuel a squeeze.

Documents Analyzed

Report based on filing metadata.

US Market Status