Key Takeaways
- Q1 2026 earnings scheduled for Netflix on April 16
- Wedbush increases NFLX target to $118 (previously $115), confirms Buy rating
- Evercore ISI maintains Outperform stance with $115 target price
- Analysts project Q1 EPS at $0.79 with revenue reaching $12.18 billion (up 15.5% YoY)
- Analyst consensus shows 30 Buy ratings among 39 total, average target of $115.84
As Netflix prepares to unveil its Q1 2026 financial results on April 16, the streaming giant has received renewed confidence from Wall Street analysts through elevated price targets and affirmed ratings.
Alicia Reese from Wedbush Securities elevated her NFLX price objective to $118, marking an increase from her previous $115 forecast, while maintaining her Buy recommendation. Reese highlighted the company’s expanding international advertising business and the positive impact of pricing adjustments implemented in 2025 as primary catalysts. This revised target suggests approximately 15% potential appreciation from present trading levels.
Meanwhile, Evercore ISI confirmed its Outperform designation alongside a $115 price objective in anticipation of the upcoming report. The firm characterized consensus expectations for Q1 revenue approaching $12.2 billion—representing 15.5% annual growth—as achievable, supported by Netflix’s robust content slate and benefits from last year’s subscription fee increases.
Netflix’s stock is currently valued at $103.42, translating to a market capitalization of $436.87 billion.
Wall Street’s Financial Projections
Analyst consensus anticipates Q1 earnings per share of $0.79, marking over 15% year-over-year expansion. Revenue projections stand at $12.18 billion.
Operating profit estimates reach $3.94 billion, corresponding to a 32.4% operating margin.
Looking toward Q2, analysts forecast revenue of $12.6 billion—indicating 13.6% annual growth. Evercore ISI anticipates Netflix will either reaffirm or modestly elevate its full-year 2026 outlook, which presently targets revenue between $50.7 billion and $51.7 billion, a 31.5% operating margin, and $11 billion in free cash generation.
The streaming platform concluded 2025 with Q4 revenue of $12.05 billion, representing 18% year-over-year growth and surpassing analyst expectations. The company simultaneously achieved 325 million paid subscriptions by year’s end—a significant benchmark the platform had been pursuing throughout multiple quarters.
Market participants will closely monitor whether membership expansion continued in Q1 despite recent subscription price adjustments, and evaluate the advertising-supported tier’s contribution to overall revenue performance.
Broader Analyst Sentiment
Beyond Wedbush and Evercore ISI, several additional research firms have refined their perspectives before the earnings announcement.
TD Cowen confirmed its Buy recommendation with a $112 price objective, forecasting 4.56 million net membership additions. Deutsche Bank elevated its target to $100 while maintaining a Hold designation. Morgan Stanley increased its objective to $115 with an Overweight rating, emphasizing sustainable double-digit revenue expansion. Barclays preserved its Equalweight rating at $115.
Among the 39 analysts tracking NFLX, 30 assign Buy ratings while nine maintain Hold ratings. The consensus price target stands at $115.84, suggesting approximately 13% upside potential from current trading levels.
Wedbush also identified possible challenges—including pricing sensitivity in European markets and continuing legal issues that could impact near-term investor sentiment, despite the compelling advertising growth narrative.
Netflix delivered $45.18 billion in trailing twelve-month revenue, with earnings per share of $2.53. The shares trade at a price-to-earnings multiple of 40.84.
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