Phillip Securities Cuts Netflix Target to $100, Keeps Buy Rating

Phillip Securities Research cut its target for Netflix (NFLX) common shares to $100 from $110 on Oct. 23, trimming its valuation assumptions as analyst Helena Wang flagged weakening engagement while keeping a Buy recommendation. The target reduction changes the firm’s valuation view, not its rating: Phillip Securities Research maintained Buy. The firm cut its own 2026 revenue estimate by 1% and lowered its terminal growth assumption to 3% from 3.5%. Wang wrote that “Weakening engagement is now a main concern for NFLX.” Netflix’s third-quarter revenue was $12.874 billion, up 11.8% from a year earlier.

Source: TokenPost