Wolfe Research Cuts Netflix, Inc. (NFLX)’s Price Target To $121, Maintains Outperform Rating

Netflix, Inc. (NASDAQ:NFLX) is among the 14 Best S&P 500 Stocks to Buy Now. On December 15, Wolfe Research lowered its terms people connected the banal to $121 from $139, portion maintaining an Outperform standing connected the shares.

The revision came arsenic portion of the firm’s broader accommodation successful the assemblage for 2026. While Wolfe is bullish connected the amusement and euphony radical with an Overweight rating, it has downgraded its outlook for the telecom and cablegram conception to Market Weight, citing anemic show metrics towards the second fractional of this twelvemonth with ‘no relief’ successful sight.

This follows Jefferies’ update connected Netflix, Inc. (NASDAQ:NFLX) connected December 11, erstwhile expert James Heaney lowered his terms people connected the streaming elephantine to $134 from $150, portion keeping a Buy standing connected the shares.

In its ‘2026 Internet Playbook’, the steadfast recommended investors to beryllium ‘selective’ astir net stocks, fixed the likelihood of borderline pressures from accrued spending. Moreover, Jefferies besides warned that ongoing concerns related to artificial quality could hinder stock terms appreciation.

As of the adjacent of concern connected December 17, Wall Street analysts person a Moderate Buy standing connected the stock, with a one-year mean stock terms people of $133.27, representing a 42% upside.

Netflix, Inc. (NASDAQ:NFLX) is simply a planetary amusement institution offering TV series, documentaries, movies, and games crossed aggregate languages and genres.

While we admit the imaginable of NFLX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 11 Most Oversold S&P 500 Stocks Heading into 2026 and Top 15 Lowest P/E Ratios of the S&P 500 successful 2025.

Disclosure: None.