"Reaching $350 from today's price of $89.65 requires a gain of 290.4%. That stretches even Netflix's 10-year history. With forward EPS of $18.03, a price of $350 implies a forward P/E of 19x. Our base case of $326.35 already implies 6x, meaning the bold target requires roughly 13x additional multiple expansion off depressed implied earnings. That math works only if three things happen. First, the ad tier must scale: management says it was 60%+ of Q1 sign-ups in ad markets, with"
Netflix reported Q1 revenue of $12.25 billion, up 16.2% year over year, and free cash flow rising 91.44%. The company raised free cash flow guidance for 2026 to about $12.5 billion and doubled its advertising business toward roughly $3 billion. Despite these positives, Q1 EPS of $1.23 missed the $1.345 estimate by 8.55%, and the stock has a high beta of 1.548, making it sensitive to broader mega-cap tech weakness. The Warner Bros. walk-away removed a content acceleration catalyst that some investors had priced in. Wall Street targets imply upside, but reaching $350 by 2027 requires major multiple expansion and ad-tier scaling.
Read at 24/7 Wall St.
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