Wedbush Cuts Netflix (NFLX) Price Target to $80
Key Points
- Wedbush maintained an Outperform rating on Netflix, Inc. on October 21, 2026, while lowering its price target to $80.00 from $90.00.
- Wedbush's $80 price target implies 22.06% upside from Netflix, Inc.'s ($NFLX) current $65.54 share price.
- Institutional investors like Kmg Fiduciary Partners and B. Riley Wealth Advisors recently adjusted their positions in the streaming platform.
- The stock traded around $65.54 as of October 21, 2026, backed by a trailing twelve-month revenue of $48.37 billion.
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Wedbush reiterated its Outperform rating on Netflix, Inc. on October 21, 2026, while lowering its price target to $80.00 from $90.00. The update arrived alongside a wave of similar research notes from other major financial institutions adjusting their views on the entertainment platform.
NFLX
Netflix, Inc.
Wedbush vs. the S&P 500
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Wedbush's Call on Netflix
In its October 21, 2026 research note, Wedbush kept its Outperform rating on Netflix, Inc. while reducing its price target to $80.00 from $90.00. The adjustment places the new target below previous expectations as analysts across Wall Street recalibrate models for the streaming company.
Other Institutional Activity in Netflix, Inc.
Institutional investors continue to shift their exposure to the entertainment firm. Kmg Fiduciary Partners grew its holdings by 10,811 shares in a report filed on October 14, 2026, ending with 75,669 shares worth about $5,265,050. B. Riley Wealth Advisors also expanded its position, adding 89,105 shares for a 90.5% increase to hold 187,572 shares valued at approximately $13,051,254 as of October 13, 2026.
Netflix, Inc. Stock Down 7.1%
Netflix, Inc. shares recently traded around $65.54 as of October 21, 2026, moving below the prior close of $68.69 recorded on October 20, 2026.
$NFLX price target
Netflix, Inc. daily closes and this analyst's $80 target. Not advice.
Recent Earnings
Netflix reported $48.37 billion in trailing twelve-month revenue alongside earnings of $3.18 per share.
Insider Buying and Selling at Netflix, Inc.
Company insiders executed several sales over recent months, including transactions by the chief executive officer, chief financial officer, and a director.
Analysts Set New Price Targets
Wall Street firms actively updated their views on October 21, 2026. TD Cowen reiterated a buy rating with a $100.00 price target, Piper Sandler maintained an overweight rating while cutting its target to $78.00 from $85.00, Evercore ISI Group kept an outperform rating and lowered its target to $90.00 from $110.00, Barclays maintained an equal-weight rating with a reduced target of $65.00, and Guggenheim kept a buy rating while trimming its target to $78.00 from $80.00.
About Netflix, Inc.
Netflix, Inc. operates a global entertainment platform offering television series, documentaries, feature films, games, and live programming across various genres and languages. Members stream content through internet-connected devices such as televisions, digital video players, set-top boxes, and mobile hardware.
Bottom Line
Investors will monitor upcoming analyst updates and filing disclosures to gauge sentiment on the streaming company's shares.
Related Filing Alerts
Source: Wedbush's rating change on $NFLX (Oct 21, 2026). Written by software, not financial advice. How we make alerts