Netflix, Inc.

Netflix, Inc. (NASDAQ: NFLX) is a worldwide streaming entertainment platform serving members in more than 190 countries with subscription-based access to a broad portfolio of TV series, movies, games, and live content across diverse genres and languages. The company develops, licenses, and produces original programming while delivering its services through a wide range of internet-enabled devices. It is further scaling its advertising business, gaming initiatives, and studio production operations, leveraging proprietary technologies alongside third-party cloud infrastructure.

As per Kalkine’s Diversified Opportunities Report published on ‘NFLX’ on Feb 26, 2026, Kalkine provided an ‘Buy’ stance on the stock at USD 84.17 based on fundamental analysis and the stock price has now moved up by ~ 14.34% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

Despite delivering 16% revenue growth to USD 45 billion in 2025 and guiding to USD 50.7–51.7 billion for 2026, the company faces rising execution and financial risks tied to its all-cash Warner Bros. transaction, supported by bridge commitments that have reached USD 42.2 billion. Management has paused share repurchases to preserve liquidity, while forward-looking disclosures highlight uncertainties around integration, regulatory approvals, synergies, and potential liabilities. At the same time, engagement growth remains modest at 2% in 2H25 and the business operates in an intensely competitive landscape, suggesting that heightened leverage, integration complexity, and competitive pressures could constrain risk-adjusted returns relative to current expectations.

Valuation (Using Price/Earnings Multiple)

Share Price Chart 

Conclusion

With bridge financing commitments rising to USD 42.2 billion to support the all-cash Warner Bros. transaction alongside integration and regulatory uncertainties highlighted in forward-looking disclosures, a "Sell" recommendation on Netflix, Inc. (NASDAQ: NFLX) has been given at the closing market price of USD 96.24 as on 27 February 2026.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 27 February 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.