Deutsche Bank Upgrades Netflix to Buy Despite Lowered Price Target

Key Facts

1Deutsche Bank upgraded Netflix from Hold to Buy while lowering its price target from $100 to $95.

2Netflix shares rose 1.5% to $70.27 following the upgrade.

3Wells Fargo downgraded Netflix to Underweight with a $57 price target, while HSBC downgraded it to Hold.

Deutsche Bank upgraded Netflix from Hold to Buy while lowering its price target from $100 to $95. According to Barron's, Netflix shares rose 1.5% to reach $70.27 following the upgrade, as the bank cited a buying opportunity created by recent price declines and positive international trends.

Netflix closed at $69.23 on September 28, 2026, amid diverging views from other major financial institutions. Wells Fargo downgraded the stock to Underweight with a $57 price target, and HSBC lowered its rating to Hold. In the banking sector, Deutsche Bank closed at $36.08 and Wells Fargo closed at $80.81 on the same day.