Netflix Shares Down 16% Monthly Despite $12.5B FCF Guidance Raise, Analysts See 283% Upside

Netflix stock has declined 16% over the past month, extending a post-Q1 sell-off despite robust results (revenue $12.25B +16% YoY, FCF $5.09B +91% YoY) and raised FY2026 FCF guidance to ~$12.5B. The drop followed an April 16 EPS miss ($1.23 vs. $1.34 est.) and weak Q2 outlook (revenue $12.57B, EPS $0.78), amid premium valuation (forward P/S 6.89x) and competition concerns. Recent articles highlight ad revenue doubling to ~$3B (60% new ad-tier signups), buybacks, and bullish targets like 24/7 Wall St.'s $338.63 (283% upside from ~$88), while Zacks retains Hold (#3 Rank).