Wall Street Analyst Sees 63% Upside in Netflix Stock After Withdrawal from Bidding War

Netflix stock still has room to run after recent 10-for-1 stock split, according to bullish analyst.

Mar. 24, 2026 at 7:10am

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A Wall Street analyst is bullish on Netflix stock, projecting it could climb as much as 63% from its current price. The streaming giant recently withdrew from a bidding war for Warner Bros. Discovery assets, removing uncertainty that had been weighing on the stock. The analyst is confident in Netflix's ability to navigate the industry it pioneered, with stable revenue growth and expanding profit margins.

Why it matters

Netflix's stock has been under pressure recently due to the uncertainty around the Warner Bros. Discovery deal, but the analyst believes the company is well-positioned for continued growth. A 63% upside would be a significant boost for investors, especially after the recent 10-for-1 stock split that made shares more affordable for retail investors.

The details

Netflix generated record revenue of $12 billion in Q4 2025, up 18% year-over-year, with diluted EPS jumping 30% and profit margins expanding. Management expects this robust growth to continue, guiding for Q1 2026 revenue of $12.16 billion and EPS of $0.76, each up 15%. The company also has several new content initiatives in the works, including a sequel to its hit KPop Demon Hunters series and an animated Stranger Things spinoff.

  • In the fourth quarter of 2025, Netflix generated record revenue of $12 billion.
  • In the first quarter of 2026, Netflix is guiding for revenue of $12.16 billion and EPS of $0.76.

The players

Netflix

An American entertainment company and one of the world's leading streaming platforms, known for its original content and vast library of TV shows and movies.

Vikram Kesavabhotla

A Wall Street analyst at Robert W. Baird who has a $150 price target on Netflix stock, the highest among his peers.

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What they’re saying

“Netflix stock doesn't appear cheap at first glance, but looks can be deceiving. The stock currently trades at 30 times forward earnings -- well below its average multiple of 37 over the past three years. I'd submit that's a fair price to pay for a company with a distinguished track record of growth, reliable execution, and significant opportunity ahead.”

— Vikram Kesavabhotla, Analyst

What’s next

The analyst's $150 price target on Netflix stock suggests the company has significant upside potential, especially after the recent stock split that made shares more affordable for retail investors. Investors will be closely watching Netflix's upcoming content releases and financial results to see if the company can deliver on the analyst's bullish outlook.

The takeaway

Netflix's withdrawal from the bidding war for Warner Bros. Discovery assets has removed a key uncertainty that was weighing on the stock. With a strong content pipeline, growing ad revenue, and an attractive valuation, the analyst believes Netflix is well-positioned for continued growth and could deliver substantial returns for investors.