Rosenblatt Securities reduced its price target on Netflix (NASDAQ: NFLX) to $152 from $153, while reiterating a Buy rating.
The adjustment stemmed primarily from maintenance updates to the firm’s financial model, including the impact of Netflix’s 10-for-1 stock split, which took effect after markets closed on November 14. Minor updates to share counts, price levels, FX assumptions and debt reduced the split-adjusted target by $1.
Rosenblatt maintained its bullish stance, arguing Netflix could trade at a 45x P/E in a year relative to 2026 EPS estimates, supported by a 28% EPS CAGR, strong market leadership, resilient growth, and shareholder-friendly capital deployment. The analyst also said it remained skeptical that Netflix would emerge as the winning bidder for Warner Bros. Discovery, and therefore did not include a potential acquisition in its outlook—though it was added to the firm’s risk considerations.
