(Updated to include Wedbush commentary)
Wedbush lowered its price target on Netflix (NFLX) to $115 from $140 given the ongoing overhang from pending M&A.
The company is set to report its Q4 earnings on Tuesday, after market close. The brokerage said its quarterly survey pointed to steady performance in Q4 and an uptick in Q1.
Wedbush believes the company is positioning for "substantial growth" in global advertising. It continues to enhance its ad business by expanding partnerships, improving targeting, and adding more live content. The brokerage expects ad revenue to become Netflix's primary revenue driver in 2026, with significant opportunities in 2027.
Netflix has an average rating of overweight and mean price target of $126.76, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
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