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Netflix, Inc.

NFLX · NASDAQ

Market open$68.08$-6.27 (-8.43%)

Key statistics

Previous close$74.35
Open$65.54
Day high$68.27
Day low$65.10
52-week high$126.71
52-week low$65.10
Market cap286.67B
Volume64.01M
Average volume40.98M
P/E ratio21.96
Forward P/E—
EPS3.10
Dividend yield0.00%

Market context

Why it moved

Netflix shares plunged after the company issued weaker-than-expected third-quarter revenue and earnings guidance, signaling its slowest revenue growth in several years and stoking investor fears that the streaming giant's high-speed expansion phase is coming to an end.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Netflix shares are tumbling nearly 9% — on pace for their worst single-day drop in over four years — after Q2 earnings delivered a mixed verdict and forward guidance fell short of Wall Street expectations. While Q2 EPS of $0.80 edged past consensus by a penny, revenue of $12.56 billion narrowly missed estimates and Q3 guidance of $12.86 billion in revenue came in well below the $13 billion consensus, implying the slowest quarterly growth since late 2023. Compounding investor unease, Netflix announced it will reduce its viewing-hours disclosure from semi-annual to annual — seen as a transparency retreat — while content gaps in H2 (the end of Stranger Things, fading animated film comparables) raise fresh questions about engagement momentum. A wave of analyst price-target cuts followed, with Guggenheim slashing its target to $75 from $120, JPMorgan to $85 from $118, and Morgan Stanley to $83 from $90, even as most maintained Buy/Outperform ratings. The stock is now testing fresh 52-week lows, down more than 50% from its June 2025 peak.

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July 17, 2026Netflix plunged roughly 9% in after-hours trading after its Q2 earnings report delivered a guidance miss that overshadowed an in-line quarter. While Q2 revenue of $12.56B (+13% YoY) and EPS of $0.80 were roughly in line with estimates, investors were rattled by Q3 guidance of $12.86B in revenue and EPS of $0.82 — both below the $13.0B and $0.84 Wall Street expected. Adding to unease, Netflix announced it would cut its semi-annual viewing-hours report to once a year starting in 2027, continuing a trend of reducing transparency after dropping quarterly subscriber counts in 2025. The stock had already shed over 40% in the past 12 months amid M&A missteps and competition concerns.

0.9093

July 16, 2026Netflix closed essentially flat, holding near multi-year lows ahead of its highly anticipated Q2 earnings report after Thursday's close. Investor sentiment is cautious as the stock has shed roughly 20% year-to-date and trades 40%+ below its 2025 peak, weighed by concerns over slowing engagement, subscriber churn following a March price hike, and M&A missteps. Options traders are pricing in an ~8% post-earnings swing, while analysts remain broadly constructive — Morgan Stanley (overweight, $90 target) and Guggenheim (buy, $120) both see engagement fears as overblown relative to the company's strong fundamentals, including 91% FCF growth and a $31.8B buyback authorization. Q2 consensus stands at $0.79 EPS on $12.58B revenue.

0.204

July 15, 2026Netflix closed modestly lower ahead of its high-stakes Q2 earnings report on July 16, with the stock hovering near 52-week lows and down roughly 20% year-to-date. Multiple analysts adjusted targets today: Morgan Stanley maintained its Overweight but cut its price target to $90 from $115, citing engagement concerns as "largely overblown" while acknowledging a "tricky catalyst path," while Barclays trimmed its target to $85. Evercore flagged Netflix as a potential "beat-and-raise" candidate given depressed sentiment and intact fundamentals, as investors weigh strong FCF and a $25B buyback authorization against slowing engagement and the fallout from a failed Warner Bros. acquisition.

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July 14, 2026Netflix closed modestly higher, outperforming a broadly weaker market — the S&P 500 fell amid U.S.-Iran tensions and an oil surge — as investors bought into the recent pullback ahead of its Thursday Q2 earnings report. Multiple analysts weighed in Monday, with Wedbush reiterating Outperform ($118 target) on expectations that ad revenue will roughly double to ~$3B in 2026, while Oppenheimer maintained Outperform but cut its target to $100, citing near-term monetization headwinds. The stock, down over 40% from its April highs and trading near four-year valuation lows, faces key questions around slowing user engagement, margin guidance, and whether its advertising-supported tier can offset growth pressures ahead of what Wall Street expects to be a pivotal report.

0.627

July 11, 2026Netflix fell nearly 3% to close at $73.37, hovering near its 52-week low of $70.86, after a Wall Street Journal report revealed the company is exploring live TV channels and bundling rival streaming services to combat weakening subscriber engagement — a disclosure that spooked investors ahead of Q2 earnings on July 16. The report, which surfaced Thursday after hours, signaled that Netflix's growth narrative may be under pressure, with conflicting analyst sentiment, heavy insider selling (~900K shares over 90 days), and concerns over slowing revenue growth all weighing on sentiment. Bulls counter that the stock trades at just ~21x forward earnings — well below its decade-average multiple — and point to record free cash flow, a rapidly scaling ad-supported tier targeting $3B in 2026, and potential sports rights (FIFA World Cup) as catalysts, with at least one Seeking Alpha analyst upgrading shares to Buy on the dip.

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July 10, 2026Netflix closed essentially flat but slipped further in after-hours trading, falling an additional 1.23%, after a Wall Street Journal report revealed the company is exploring live TV channels and third-party streaming bundles amid signs of weakening subscriber engagement — a development that spooked investors already cautious ahead of Q2 earnings on July 16. The after-hours move compounds a broader narrative of concern: Netflix is down roughly 40% from its 2025 highs, Citigroup cut its price target to $100 from $115, and the company faces headwinds from slowing revenue growth, rising content costs, and structural competition from short-form content. Bulls counter that strong free cash flow, an expanding ad-supported tier targeting $3B in ad revenue for 2026, and a potential FIFA World Cup rights bid offer meaningful upside at current valuations.

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July 9, 2026Netflix closed modestly lower amid a broad market risk-off session, as President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging and rattling equities. Investor focus remains squarely on the July 16 Q2 earnings report, with bulls pointing to a new short-form video content strategy — signing licensing deals with BuzzFeed, Condé Nast, Hearst, and others — and reported interest in bidding for 2030/2034 FIFA World Cup U.S. broadcast rights as evidence of expanding monetization levers. Bernstein trimmed its price target to $100 (from $110) while maintaining Outperform, reflecting caution ahead of earnings where EPS growth is expected to decelerate sharply to ~8% YoY even as ad revenue scales toward a $3B run rate.

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WSJ · July 17, 2026Netflix Poised for Biggest One-Day Drop in YearsReuters · July 17, 2026Wall St opens lower as chip rout extends; Netflix slidesVariety · July 16, 2026About 300 Netflix Titles Used Generative AI This Year, Company RevealsBloomberg · July 16, 2026Netflix Feeds Investor Anxiety With Disappointing ForecastReuters · July 16, 2026Netflix earnings forecast disappoints Wall Street, shares tumbleCNBC · July 16, 2026Netflix stock falls as earnings forecast disappoints, company says it will give fewer engagement updatesTradingView · June 29, 2026NFLX Stock Is Down 40% From All-Time High: Are Retail Investors Buying The Dip Or Leaving Battered Streamer?Investopedia · April 16, 2026Investors Don't Like Netflix's Latest Outlook—Or the News that Reed Hastings Is Moving On
Benzinga · July 17, 2026Rosenblatt Maintains Neutral on Netflix, Lowers Price Target to $75
Benzinga · July 17, 2026Netflix Releases Top Shows, Movies List for 2026: Why It Might Be More Bad News for Stock in Second Half
Mt Newswire · July 17, 2026UBS Cuts Netflix Price Target to $115 From $130, Maintains Buy Rating
Mt Newswire · July 17, 2026Update: Wedbush Cuts Price Target on Netflix to $105 From $118, Keeps Outperform Rating
Benzinga · July 17, 2026QUICK SPARK: Netflix Stock’s Worst Day in Over 4 Years ― Now Down 50% From Peak
Benzinga · July 17, 2026Dow Tumbles Over 500 Points; Netflix Shares Tumble After Q2 Results
Mt Newswire · July 17, 2026HSBC Adjusts Price Target on Netflix to $96 From $104, Maintains Buy Rating
Benzinga · July 17, 2026UBS Maintains Buy on Netflix, Lowers Price Target to $115

Peers

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