Goldman Sachs analyst Eric Sheridan upgraded Netflix (NFLX) to Buy from Neutral with a price target of $120, up from $100, which offers 26% upside from current levels. Ahead of the Q1 earnings report. Goldman sees a more positive risk/reward with the stock down 18% in the past six months. The earnings report will show a “strong start” to 2026 as Netflix continues to execute well against its core areas of focus, the analyst tells investors in a research note. The firm believes the company’s original and returning content is driving user growth and engagement. Goldman sees momentum for Netflix from its pricing power, advertising tier and capital return potential.
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