NFLX
Wall Street’s latest Netflix cameo
Moffett Nathanson just raised its Netflix price target to $120 from $115 and left its Buy rating intact. Translation: at least one sell-side shop still thinks the streaming giant has room to run, even after a run of solid earnings and a pretty chunky valuation.
The good news: the numbers still look sticky
Netflix’s latest earnings beat was modest but real — $0.56 EPS vs. $0.55 expected — and revenue came in at $12.05 billion, up 17.6% year over year. The company also guided Q1 2026 EPS to $0.760, which helps keep the narrative on the sunny side of the street.
The less-fun subplot: insiders have been lightening up
Here’s the part that makes investors raise an eyebrow: director Reed Hastings sold 420,550 shares for about $40.16 million under a 10b5-1 plan, and insiders have sold roughly 1.54 million shares worth about $141 million over the past 90 days. That doesn’t automatically mean trouble — insiders sell for a million reasons — but it does add a little turbulence to the story.
Why you should care
Analyst price-target bumps can help keep sentiment warm, especially for mega-cap names like Netflix where expectations are already doing yoga at a high level. But when insider selling shows up at the same time, you get the market’s favorite cocktail: optimism with a twist of side-eye.
Big picture: Netflix still looks like a company Wall Street wants to believe in — just don’t be shocked if the stock keeps getting judged on a very picky set of expectations.