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TD Cowen cuts Netflix PT on higher expense estimates

ReutersJan 13, 2026 11:56 AM

TD Cowen cuts PT on streaming giant Netflix NFLX.O to $115 from $142

New PT still implies an upside of 28.6% to the stock's last close

Brokerage trimmed its operating income, EBITDA and EPS estimates by ~2% each annually from 2025 to 2030 on "slightly higher expense estimates"

Co's shares down marginally premarket

Avg rating of 46 analysts is "buy"; their median PT is $125 - data compiled by LSEG

Netflix gained 5.2% in 2025

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