Netflix Will Trade at This Price in 2028

Netflix (NASDAQ:NFLX) is the streaming concern everyone thought had matured, yet absorption is inactive raising the ceiling. Co-CEO Greg Peters told investors Netflix accounts for lone 5% of TV presumption stock globally, with "tons of country for maturation inactive up of us."

Advertising is doubling to $3 cardinal successful 2026. Free currency travel guidance was conscionable raised to $12.5 billion. So wherefore are shares down 17.47% twelvemonth to date? More importantly, tin NFLX scope $300 by 2028?

What's Holding Netflix Back Right Now

The symptom is real. NFLX is disconnected 4.79% successful the past week, 13.38% implicit the past month, and 36.69% implicit the past year.

Two things are weighing connected the stock. First, Q1 2026 EPS of $1.23 missed the $1.345 statement by 8.55%, adjacent with a $2.80 cardinal Warner Bros. termination interest padding nett income.

Second, the walked-away Warner Bros. woody near investors confused astir strategy. Add successful a beta of 1.491 and shares are present 15% beneath the 52-week precocious of $134.12. The selling has been mechanical.

Wall Street Sees 47% Upside. Our Model Sees Much More

The Street is constructive. The expert statement people sits astatine $114.15, with 8 Strong Buys, 29 Buys, 13 Holds, and zero merchantability ratings. Our basal lawsuit is $284.54 by 2028, a 267.72% full instrumentality with a 90% assurance score. The carnivore lawsuit inactive pencils to $459.35 by year-end 2028.

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With 74% of analysts bullish and net increasing 86.4% twelvemonth implicit year, I deliberation the Street is anchoring to a depressed aggregate and underestimating operating leverage. The disconnect betwixt statement and fundamentals is the opportunity.

The Path to $300 Per Share

Let's bash the math. Reaching $300 from today's terms of $77.38 would necessitate a summation of 287.7%. With guardant EPS of $17.2, a $300 terms implies a guardant P/E of 17x. Our basal lawsuit of $284.54 already implies 5x, meaning the bold people requires astir 0.9x of incremental multiple. That is trivial.