Mar. 9 at 7:49 PM
Netflix stock has room to recover after pressure from the bidding war for Warner Bros. Discovery, but investors may want to stay cautious due to higher spending and rising competition, according to a Wells Fargo analyst.
Shares hit a 52-week closing low of
$75.86 on Feb. 12, 2026, and remain about 27% below the all-time closing high of
$133.91 reached in June 2025. Wells Fargo analyst Steven Cahall resumed coverage with an Equal Weight rating and a
$105 price target, downgrading his previous Overweight view.
Cahall said the “scars” from the Warner Bros. bidding battle should gradually heal now that Netflix has stepped away. The company exited the process after Paramount raised its offer, sending Netflix shares up 14% on Feb. 27.
Going forward, Netflix plans to refocus on organic growth and invest about
$20 billion in content to expand its entertainment offering and advertising business.
$NFLX