Bernstein cuts Netflix stock target to USD 80.00 from USD 95.00

Published on 10/22/2026 at 10:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Netflix stock costs EUR 57.88 on October 22, 2026, 0.33 percent above its Xetra close. Third-quarter revenue reached USD 12.87 billion.

Growth outlook and valuation

Bernstein cut its Netflix target from USD 95.00 to USD 80.00 on October 21, 2026.
Third-quarter revenue reached USD 12.87 billion, up 11.8 percent year over year.
Netflix stock trades at EUR 57.88 at 10:43 a.m. CEST at Lang & Schwarz on October 22, 2026, 0.33 percent above the Xetra close of October 21, 2026.
Netflix had a USD 270.8 billion market capitalization as of October 21, 2026.

Schwarz-Weiß-Reportagefoto eines Mannes auf einer Couch, der einen hell leuchtenden Flachbildschirm im dunklen Wohnzimmer betrachtet — Netflix US64110L1061 dokumentiert einen anonymen Zuschauer auf Couch vor leuchtendem Bildschirm im SW-Reportagestil, Illustration mit AI erstellt.

Netflix (ISIN US64110L1061) faces a lower valuation bar after Markets Insider reported on October 21, 2026 that Bernstein cut its price target to USD 80.00 from USD 95.00. Netflix had reported third-quarter revenue of USD 12.87 billion and diluted earnings per share of USD 0.87 on October 20, 2026.

Targets reset after earnings

Reuters reported on October 20, 2026 that Netflix forecast fourth-quarter net income of USD 2.79 billion and diluted earnings per share of USD 0.67, below analyst estimates of USD 3.07 billion and USD 0.73. Netflix also lowered its 2026 advertising revenue forecast to USD 2.7 billion from USD 3.0 billion.

CNBC reported that Netflix expects 2026 revenue of USD 51.1 billion, compared with its earlier range of USD 51.0 billion to USD 51.4 billion. The company said the advertising revision reflected slower rollout of some ad product capabilities.

What does the lower target signal?

Bernstein kept an Outperform rating while shifting attention toward 2027, according to Markets Insider. The revised USD 80.00 target remains above Netflix stock's USD 65.04 Nasdaq close on October 21, 2026, but the cut highlights the weaker near-term advertising outlook.

Three recent Netflix markers

On October 15, 2026, Netflix said it would cut 6 percent of its workforce, or about 1,000 employees, according to Yahoo Finance. On October 20, 2026, third-quarter revenue reached USD 12.87 billion, up 11.8 percent year over year, according to Reuters. On October 21, 2026, Bernstein reduced its target from USD 95.00 to USD 80.00, according to Markets Insider.

Netflix stock price in Germany

Netflix stock was trading at EUR 57.88 at Lang & Schwarz on October 22, 2026 at 10:43 a.m. CEST, 0.33 percent above the Xetra close of October 21, 2026 at EUR 57.69.

The further course of trading is shown by the continuously updated real-time quote of Netflix stock.