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Investing.com - Canaccord Genuity reduced its price target on Netflix (NASDAQ:NFLX) to $152.50 from $1,525.00 on Monday, while maintaining a Buy rating on the streaming giant’s shares.
The adjustment follows Netflix’s October 30, 2025, announcement of a 10-for-1 stock split that took effect on Monday, November 17, 2025.
Canaccord Genuity made no changes to its revenue or profitability estimates for Netflix, with the price target reduction purely reflecting the mathematical impact of the stock split on share count and earnings per share.
The investment firm’s new target price represents approximately 12 times its fiscal year 2027 revenue estimate for Netflix and is supported by discounted cash flow valuation.
The stock split increases the number of outstanding Netflix shares while proportionally reducing the price of each share, making the stock more accessible to retail investors without changing the company’s overall market capitalization.
In other recent news, Netflix has announced that it has reached over 190 million monthly active viewers for its advertising business globally. This new metric reflects Netflix’s decision to reassess how it measures ad reach, using monthly active viewers instead of account profiles. Meanwhile, MoffettNathanson reiterated its Buy rating on Netflix, setting a price target of $1,400, despite concerns about slowing engagement growth and increased reliance on licensed content. Conversely, Erste Group downgraded Netflix from Buy to Hold, pointing to the company’s high valuation as a limiting factor for stock growth. Additionally, Netflix is reportedly preparing a bid for Warner Bros. Discovery, with a non-binding first-round offer deadline set for November 20. The auction process for Warner Bros. Discovery is expected to conclude by the end of 2025. In another development, Netflix is in talks with Sirius XM Holdings to license its video podcasts, aiming for an exclusive arrangement that would prevent the content from appearing on YouTube. These discussions are ongoing, with no agreement finalized yet.
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