Analysts See 55% Upside for Netflix Despite $77 Share Price

By David Beren Published Feb 13, 1:52PM EST

Quick Read

Netflix (NFLX) fell 42% from its June 2025 peak amid uncertainty over its $82.7B proposed acquisition of Warner Bros Discovery (WBD).
34 analysts maintain a Buy rating on Netflix with a $119 price target reflecting 55% upside from current levels.
The Warner Bros Discovery deal faces regulatory scrutiny and competition from Paramount. Closing is expected in Q3 2026.
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Analysts See 55% Upside for Netflix Despite $77 Share Price — © 24/7 Wall St.

As shares of Netflix (NASDAQ:NFLX | NFLX Price Prediction) have fallen more than 6% this week, retail investor sentiment on platforms like Reddit and X has shifted noticeably. The stock now trades at ~$76.88, down 26% over the past year and 18% year-to-date. On a pre-split basis, Netflix has tumbled from around $1,323 in June 2025 to an equivalent of $769 today, representing a massive 42% decline. The drop follows mounting uncertainty around its $82.7 billion proposed acquisition of Warner Bros. Discovery (NASDAQ:WBD), which has multiple hurdles to clear before any kind of approval will come through.

Reddit Turns Cautious After Warner Bros. Deal Uncertainty

Mentions of Netflix on Reddit’s r/stocks surged in recent weeks, with users questioning the stock’s steep decline. The most active thread, “What has happened to NFLX stock?” on r/stocks, accumulated 283 upvotes and 309 comments as investors debated the company’s trajectory. As of mid-February, social sentiment has cooled to neutral (42 score) after peaking at very bullish levels (78-82) in late January around the company’s most recent earnings release.

An infographic titled 'Netflix (NFLX) Stock & Sentiment Overview' on a blue, grey, and orange segmented background. Section 1, 'The Investment: Netflix (NFLX),' shows a play button icon with a red downward arrow, stating Netflix's current price is $76.91, a 1-year change of -26.31%, and a peak-to-current decline of ~42% from $132.31. Section 2, 'Social Sentiment Score (Reddit),' features a sentiment gauge pointing to 'Neutral' with a 50.4 score, mentioning sentiment cooled from 'Very Bullish' and lists the top thread 'What has happened to NFLX stock?'. Section 3, 'What is Driving That Score Today,' displays two interlocking puzzle pieces labeled 'NFLX' and 'WBD', indicating the primary driver is the Netflix-Warner Bros $72B Deal Discussion, noting major quarterly sentiment driver with 13,584 upvotes and uncertainty around regulatory scrutiny and expected Q3 2026 deal timing. The date 'February 13, 2026' is at the bottom. — This infographic provides an overview of Netflix’s stock performance, current social sentiment on Reddit, and the primary driver behind that sentiment, which is the potential $72 billion deal with Warner Bros, as of February 13, 2026.

What has happened to NFLX stock?
by u/[deleted] in stocks

Several concerns are driving the cautious tone:

The Warner Bros. Discovery acquisition faces regulatory scrutiny and uncertain timing, with the deal now expected to close after WBD separates its Global Networks division in Q3 2026
Netflix management flagged higher spending plans for 2026, focused on content and product development, pressuring near-term margins
Competition from Paramount’s rival bid for Warner Bros. assets adds deal completion risk

Analysts See 55% Upside Despite Near-Term Headwinds

Despite the decline, 34 Wall Street analysts maintain a consensus Buy rating with an average price target of $119, implying 55% upside. Bullish cases point to 26.5% projected EPS growth in 2026 and the company’s expansion into live sports, podcasts, and experiences. Warner Bros. Discovery, trading at $28.12 with a 1.8x price-to-sales ratio, could unlock value if the deal closes. For investors monitoring the situation, some retail investors remain bullish, with contrarian positioning on a Netflix recovery throughout the decline.

About the Author David Beren →

David Beren has been a Flywheel Publishing contributor since 2022. Writing for 24/7 Wall St. since 2023, David loves to write about topics of all shapes and sizes. As a technology expert, David focuses heavily on consumer electronics brands, automobiles, and general technology. He has previously written for LifeWire, formerly About.com.

As a part-time freelance writer, David’s “day job” has been working on and leading social media for multiple Fortune 100 brands. David loves the flexibility of this field and its ability to reach customers exactly where they like to spend their time. Additionally, David previously published his own blog, TmoNews.com, which reached 3 million readers in its first year.

In addition to freelance and social media work, David loves to spend time with his family and children and relive the glory days of video game consoles by playing any retro game console he can get his hands on.