Netflix (NFLX) Rated Outperform with $115 Target, Margin Growth Projections

On March 12, Bernstein SocGen Group reaffirmed an Outperform rating for Netflix, Inc. (NASDAQ: NFLX) with a price target of $115. The company reported a margin growth of 600 basis points in 2024 and 400 basis points in 2025, excluding Brazil's impact. For 2026, Netflix projects a 31.5% margin, up 50 basis points from 2025. Argus, however, lowered its price target from $141 to $110 while maintaining a Buy rating. This analysis reflects ongoing changes in Netflix's strategy and market position.