Wall Street Eyes 44% Netflix Upside After Earnings Dip and Stock Split

Netflix Inc shares sit ~13% lower around $94 since the October 10-for-1 stock split announcement and Q1 earnings that missed adjusted consensus. Q1 revenue hit $12.2B (+16% YoY) with GAAP EPS at $1.23, but underlying EPS ~$0.70 trailed $0.76 expectations, while Q2 guides ~$12.5B revenue (+13%) and $0.78 EPS. Despite the pullback, analysts see a buy: median target $115 (+22% upside), BMO's $135 (+44%), with bulls citing ad revenue growth, subscriber momentum, and ~25% historical post-split returns.