Wolfe Research lowered the firm’s price target on Netflix (NFLX) to $95 from $121 and keeps an Outperform rating on the shares following the Q4 report. The company’s 2026 sales guidance met expectations, but its expense outlook “fueled concerns inflamed by the Warner bid,” the analyst tells investors in a research note. Wolfe cut estimates to reflect higher costs and lower comps following the earnings report. Netflix’s revenue is coming at a higher cost, the firm contends.
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