Netflix (NFLX) stock has risen 6.1% over the past week, added 0.3% in the last month, and gained 13.7% over the past year. Wall Street’s analysts are moderately bullish, forecasting further upside in NFLX over the next twelve months based on a consensus price target of $113.97 versus the last close at $98.66.
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Analyst Eric Sheridan has upgraded NFLX to Buy, setting a new price target of $120, signaling meaningful return potential from current levels. His call reflects growing confidence as the company heads into its Q1 2026 earnings report and gains momentum across pricing power, its ads-supported tier, and capital return.
Sheridan highlights three main pillars for Netflix’s next phase of growth that investors are watching closely. These include sustained revenue growth from paid subscribers, higher average revenue per member, and a growing advertising business that can add a new leg to the company’s top line.
He also points to the potential for continued operating leverage and stronger free cash flow generation as Netflix moderates cash content spend growth and maintains operating expense discipline. With these drivers, Sheridan sees a more attractive risk/reward profile developing from current share levels.
TipRanks data show that this 4-star analyst ranks 4,219 out of 12,068, with a success rate of 45.04% and an average return of 1.9% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.