Netflix (NFLX) shares received a boost after Deutsche Bank upgraded its rating on the streaming giant from “Hold” to “Buy,” setting a $95 price target. Analysts believe the market is focusing too heavily on slowing engagement in the U.S. while overlooking the company’s strong international growth potential.

The company’s stock is trading near the $68 level, and the $95 price target implies a potential upside of approximately 40% from current levels.

This new valuation offers investors a benchmark following a 28% decline in Netflix shares year-to-date in 2026. While Q2 revenue rose 13% year-over-year to $12.56 billion and net income reached $3.4 billion, free cash flow declined to $1.52 billion compared to $2.3 billion a year earlier.

Netflix is navigating pressure amid slower subscriber growth and the fallout from a failed Warner Bros. Discovery deal. While Wells Fargo downgraded the stock to “Underweight” with a $57 target, most Wall Street analysts maintain a “Moderate Buy” consensus rating with an average price target of $94.36.