Netflix shares have fallen to $67.68, near their 52-week low of $65.08, while 24/7 Wall St. maintains a $161.40 price target implying 138% upside with 90% confidence. The stock is down 27.9% year-to-date after a second-quarter 2026 earnings report that showed a slight revenue miss at $12.559 billion and a 32.73% drop in free cash flow, though the company guided for full-year ad revenue to double to roughly $3 billion and operating margin of 31.5%. Founder Reed Hastings bought 794,250 shares in May and June, and Netflix executed its largest-ever buyback of $4.7 billion with $27.1 billion still authorized. The firm argues Netflix's 33.4% operating margin and buyback capacity make it mispriced compared to Spotify's richer forward multiple and Disney's lower streaming margins.
Netflix IncAnalyst maintains $161.40 price target with 138% upside, citing strong buyback capacity and operating margin; insider buying and large buyback support valuation.
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