FINWIRES · TerminalLIVE
FINWIRES

Update: Wedbush Cuts Price Target on Netflix to $105 From $118, Keeps Outperform Rating

By

(Updated to include Wedbush commentary)

Wedbush lowered its price target on Netflix (NFLX) to $105 from $118 following the streaming giant's Q2 earnings, with a narrow earnings per share beat and a slight miss on revenue.

The long-term thesis of Netflix remains intact, with advertising ramp, games, podcasts, and eventually performance marketing expected to drive materially greater profit and free cash flow, analysts led by Alicia Reese wrote in a Thursday note.

Netflix has an average rating of overweight and mean price target of $106.17, according to analysts polled by FactSet.

(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://finwires.com/en/contact)

Price: $67.59, Change: $-6.77, Percent Change: -9.10%

Related Articles

Wire

STAAR Surgical Reports Higher Q2 Preliminary Net Sales

STAAR Surgical (STAA) reported Q2 preliminary net sales late Thursday of more than $90 million, up from $44.3 million a year earlier.Analysts polled by FactSet are looking for $90.2 million.Net sales in the Middle East, certain parts of the EMEA and Asia-Pacific regions, were affected by geopolitical and macro headwinds, the company said, adding that, if the conditions persist or worsen, its sales growth could continue to be negatively affected.Shares were down about 13% in after-hours trading.

$STAA
Wire

Alcoa Fiscal Q2 Adjusted Earnings, Revenue Rise

Alcoa (AA) reported fiscal Q2 non-GAAP net income late Thursday of $2.12 per diluted share, up from $0.39 a year earlier.Analysts polled by FactSet expected $2.25.Revenue for the quarter ended June 30 was $3.97 billion, up from $3.02 billion a year earlier.Analysts expected $3.99 billion.

$AA
Wire

Netflix Fiscal Q2 Earnings, Revenue Rise; Q3 Guidance Set

Netflix (NFLX) reported fiscal Q2 earnings late Thursday of $0.80 per diluted share, up from $0.72 a year earlier.Analysts polled by FactSet expected $0.79.Revenue for the three months ended June 30 was $12.56 billion, up from $11.08 billion a year earlier.Analysts expected $12.58 billion.For Q3, the company expects EPS of $0.82 on revenue of $12.86 billion. Analysts expect EPS of $0.84 on revenue of $13 billion.For the full-year 2026, the company now expects revenue of $51 billion to $51.4 billion. It earlier expected $50.7 billion to $51.7 billion. Analysts expect $51.38 billion.

$NFLX