Evercore ISI Group Cuts Netflix (NFLX) Price Target to $90

On October 21, 2026, Evercore ISI Group reiterated its Outperform rating on Netflix, Inc. (NasdaqGS: NFLX) while adjusting its price target down to $90.00 from $110.00. The research note provides a forward-looking view on the entertainment platform's business outlook without relying on past performance. Netflix shares recently traded around $65.54 as of October 21, 2026, sitting below the newly adjusted target and down about 4.6% from its October 20, 2026 close of $68.69. The stock has faced downward pressure, trading below its 50-day moving average of $75.01 and its 200-day moving average of $82.76, while hovering near its 52-week low of $65.08.

NFLX Netflix, Inc.

$68.69 ▼ -24.51% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Netflix, Inc. Stock Down 7.1%

Netflix shares recently traded at $65.54, resting roughly 4.6% below the previous day's close of $68.69. The stock sits well under its 52-week high of $124.86, trading just 0.7% above its 52-week low. The company commands a market capitalization of roughly $290.85 billion.

Recent Earnings

Netflix reported trailing-twelve-month revenue of $48.37 billion and earnings of $3.18 per share. The streaming giant holds a net profit margin of 28.2% and a return on equity of 49.5%, with annual revenue growing at a pace of 13.4% year over year.

Insider Buying and Selling at Netflix, Inc.

Company insiders completed several share sales ahead of the announcement. Chief Executive Officer Gregory K. Peters sold 27,312 shares on August 6, 2026, at an average price of $73.54 for a total value of $2,008,606. Chief Financial Officer Spencer Adam Neumann disposed of 9,248 shares on August 10, 2026, at $75.79 per share, totaling $700,907. Additionally, Director Richard N. Barton parted with 720 shares on September 8, 2026, at $77.60 per share, and an additional 1,440 shares on September 10, 2026.

Analysts Set New Price Targets

Several financial firms issued updates alongside Evercore ISI Group on October 21, 2026. TD Cowen reiterated its Buy rating with an unchanged target of $100.00. Piper Sandler maintained an Overweight rating, lowering its target from $85.00 to $78.00. Barclays maintained an Equal-Weight rating, cutting its target from $70.00 to $65.00. Guggenheim maintained a Buy rating, adjusting its target down from $80.00 to $78.00. Across Wall Street, 45 analysts track the stock, delivering a consensus buy recommendation and a mean price target of $91.13.

About Netflix, Inc.

Netflix provides entertainment services worldwide, offering television series, documentaries, feature films, games, and live programming in multiple genres and languages. Members access streaming content through internet-connected devices such as televisions, digital video players, set-top boxes, and mobile phones. Founded in 1997 and headquartered in Los Gatos, California, the firm employs 16,000 people.

Bottom Line

Evercore's revised target to $90.00 reflects ongoing adjustments to Wall Street expectations as the stock trades near its 52-week lows. Investors will watch for upcoming financial results and further analyst revisions to gauge market sentiment.