Wells Fargo resumed coverage of Netflix on March 9, 2026. The firm issued an 'Equal Weight' rating. It set a price target of $105.
Analyst Steven Cahall expects recovery following the failed acquisition attempt. He suggests a price-to-earnings range of 25-30 times.
Netflix withdrew its bid for Warner Bros. Discovery. Paramount Skydance submitted a superior offer.
The market reacted positively to the withdrawal. Netflix shares rallied in the preceding days. Investors favored avoiding significant debt and potential regulatory battles.