Netflix Stock Falls To A 52-Week Low

Netflix NASDAQ: NFLX shares are trading at fresh 52-week lows on Friday, July 17, 2026, down roughly 7% intraday, after the streaming giant delivered a mixed second-quarter report and issued third-quarter guidance that came in below Wall Street expectations. Netflix reported Q2 2026 revenue of $12.56 billion, slightly below the $12.58 billion consensus estimate, though revenue was still up 13.4% year-over-year. Earnings per share came in at $0.80, beating the $0.79 consensus by a penny. The bigger issue for investors was forward guidance: Netflix projected third-quarter revenue of $12.86 billion, undershooting the roughly $13 billion Wall Street had modeled, and narrowed its full-year 2026 revenue outlook to $51.0 billion to $51.4 billion, inside its previous range. Despite the selloff, which has pushed Netflix stock down 25.5% year-to-date in 2026, Wall Street analysts largely remain constructive. Rosenblatt's Barton Crockett maintained a Neutral rating but cut his price target from $95 to $75, citing a lack of clear explanation for the slowdown in revenue growth. TD Cowen's John Blackledge maintained a Buy rating, trimming his target from $112 to $100, and wrote that "the long-term opportunity remains significant, in our view, particularly given NFLX's multi-year lead in building out a truly global streaming platform." Bank of America Securities analyst Jessica Reif Ehrlich reiterated her Buy rating and lowered her price target from $125 to $105, calling the valuation "compelling" and noting that "at 20x EPS, and a discount to the S&P 500, we believe the stock underappreciates the strategic value of a platform reaching more than 300 million subscribers globally." Reif Ehrlich also flagged Netflix's "long runway for advertising and live opportunities." Netflix stock is trading around $68.87 versus a 52-week high of $126.71. --- #Netflix #NFLX #stocks 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.