Wedbush Reaffirms $115 Target on Netflix (NFLX) as Warner Bros. (WBD) Talks With Paramount (PSKY) Resume

Wedbush maintained a bullish $115 price target for Netflix (NFLX) on February 20, 2026, stating the company remains healthy without a merger with Warner Bros. Discovery (WBD). This follows WBD resuming talks with Paramount Skydance (PSKY), introducing uncertainty to the deal. Wedbush highlighted Netflix’s 18% year-over-year revenue growth in Q4 and expanding operating margins. NFLX shares, down over 20% annually, gained 1.1%.