TD Cowen analyst John Blackledge reiterated a Buy rating and $112.00 price target on Netflix (NASDAQ: NFLX).

The analyst commented: "Slight 1Q Beat; 2Q Guide Below Est's, Largely On Content Timing; NFLX 1Q rev & Op Inc beat slightly; 2Q rev & Op Inc guide were 0.5% & 5% below cons. est's. Mgmt. reiterated FY26 guide for rev, Op Inc margin, & y/y doubling of ad rev; margins should also improve y/y in 2H26. NFLX raised '26 FCF guide to $12.5BN (up $1.5BN given WBD breakup fee) and resumed share buybacks. Co-founder & Board Chair Reed Hastings is stepping down in June. Maintain Buy & $112 PT."

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Shares of Netflix closed at $107.79 yesterday.