Morgan Stanley cut target for Netflix stock to USD 80

Published on 10/13/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

In the second quarter of 2026, revenue reached USD 12.56 billion, up 13.40 percent year over year. Netflix stock was EUR 63.46 on October 13, 2026.

Morgan Stanley cut its Netflix price target from USD 83.00 to USD 80.00 on October 8, 2026, while keeping an Overweight rating.
Netflix reported USD 12.56 billion in second-quarter 2026 revenue, up 13.40 percent year over year.
Netflix stock was at EUR 63.46 at Lang & Schwarz on October 13, 2026 at 12:20 p.m. CEST.
Netflix is scheduled to publish third-quarter 2026 results on October 20, 2026.

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Netflix (ISIN US64110L1061) was trading at EUR 63.46 at Lang & Schwarz on October 13, 2026 at 12:20 p.m. CEST. MarketBeat reported on October 8, 2026 that Morgan Stanley cut its Netflix price target from USD 83.00 to USD 80.00 while retaining an Overweight rating.

Analyst target moves lower

The target reduction gives the latest analyst view a more cautious valuation anchor ahead of Netflix's third-quarter report. MarketBeat also reported an average analyst target of USD 94.70 and a Moderate Buy consensus, but those figures span a wide range of individual views.

Investing.com reported on October 6, 2026 that Goldman Sachs lowered its target from USD 94.00 to USD 90.00 and kept a Buy rating, citing user-growth and engagement concerns.

Chronology sets the earnings test

On September 14, 2026, Netflix announced a third-quarter results release scheduled for October 20, 2026. On October 5, 2026, TD Cowen maintained a USD 100.00 target, while on October 8, 2026, Morgan Stanley lowered its target from USD 83.00 to USD 80.00.

What does the target cut change?

The central test is whether Netflix can convert its large audience into durable revenue and operating profit growth. In the second quarter of 2026, revenue reached USD 12.56 billion, up 13.40 percent from the same quarter of 2025, while diluted earnings per share was USD 0.80 and operating margin was 33.00 percent, according to IG on October 12, 2026.

IG reported that management forecast third-quarter revenue of USD 12.86 billion and diluted earnings per share of USD 0.82. The same source said management retained a full-year 2026 operating-margin target of 31.50 percent and expects advertising revenue to reach USD 3.00 billion in 2026.

Results arrive October 20

The next dated company event is the third-quarter 2026 results release on October 20, 2026. Netflix said the release will be posted at approximately 1:01 p.m. Pacific Time, followed by a live management interview at 1:45 p.m. Pacific Time, according to its September 14, 2026 investor-relations release.

For investors, the figures to compare are the USD 12.86 billion revenue forecast, the USD 0.82 diluted earnings-per-share forecast and the 31.50 percent full-year operating-margin target. A result above or below those levels would provide a clearer explanation for the recent target reductions.

Netflix stock price in euros

Netflix was trading at EUR 63.46 at Lang & Schwarz on October 13, 2026 at 12:20 p.m. CEST. The primary Nasdaq quote was USD 70.61 at 4:00 p.m. ET on October 12, 2026, while the market capitalization was USD 294.0 billion and the 52-week range was USD 65.08 to USD 124.86.

The further course of trading is shown by the continuously updated real-time quote of Netflix stock.