Netflix stock sits near year lows as guidance tempers streaming growth story

Netflix stock trades around $74 as of August 12, 2026, after a Q2 2026 report that modestly beat EPS expectations but came with softer guidance and a divided Wall Street view on upside and valuation.

Netflix Inc. (ISIN US64110L1061) stock is trading near $74 after its latest earnings, with Wall Street divided over how much upside remains in the streaming leader as of August 12, 2026.

Shares hover near the $74 mark

According to MarketBeat's Nasdaq-listed Netflix overview, the shares closed at $74.21 on August 12, 2026, down 0.78% on the day, and extended trading later showed a move to $75.72 in electronic markets outside regular hours.

The same data set notes that Netflix stock started 2026 at $93.76 and has fallen to $74.21, a decline of about 20.9% year to date, leaving the shares roughly 41% below their 52-week high based on valuation work highlighted in a recent analyst commentary.

Q2 2026 results and softer guidance

A recent FANGMA earnings roundup reports that in the second quarter of fiscal 2026, Netflix grew revenue by 13% year over year while issuing guidance for the third quarter that pointed to 12% growth and trimming the top end of its full-year outlook, signalling a slightly softer trajectory than previously targeted. This summary notes that investors focused on the forecast rather than the headline beat, with shares moving lower after the release as the growth curve moderated.

Analyst data compiled in an earnings and estimates overview for Netflix shows that for the quarter ended June 30, 2026, the company delivered GAAP earnings per share of $0.80 versus a consensus estimate of $0.79, a modest positive surprise of 1.45%. Revenue for the same quarter is listed at $12.56 billion, with earnings of $3.4 billion, underlining that the business is still growing at double-digit rates while margins remain healthy.

The same consensus table indicates that analysts expect EPS of $0.82 for the current quarter ending September 2026 and $0.73 for the December 2026 quarter, with full-year 2026 EPS projected at $3.58 compared with $2.53 in 2025, implying roughly 41% year-over-year earnings growth if Netflix hits these targets.

Wall Street consensus and valuation gap

MarketBeat's rating aggregation shows Netflix carries a consensus rating described as Moderate Buy, built from four Strong Buy calls, thirty-three Buy ratings, seventeen Hold ratings and a single Sell recommendation, reflecting confidence in the model but ongoing debate around the appropriate valuation in the mature streaming landscape.

The same MarketBeat forecast page puts the average analyst price target at $103.48, implying approximately 39.4% upside from the current $74.21 level, with individual targets ranging from a low of $70.00 to a high of $151.40, a spread that signals divergent views on how far Netflix can push subscription, advertising and password-sharing initiatives.

Additional valuation work highlighted by GuruFocus' GF Value metric suggests the stock trades at $74.21, about 26.1% to 26.2% below an intrinsic value estimate in the $100 to $101 range, framing Netflix as modestly undervalued rather than deeply distressed.

An extended valuation breakdown from Investing.com notes that at $74.21 as of August 12, 2026 at 3:59 p.m. EDT, Netflix trades on about 22.6 times trailing earnings and 20.5 times forward earnings, with roughly $11.15 billion in free cash flow and last twelve months revenue growth around 16%, positioning the company as a quality asset on a cyclical discount rather than a classic deep value situation.

The same analysis points out that the current price is around 41% below the 52-week high and down 38.4% over the past year, even as fair value models in that report suggest a level of $83.78, implying around 12.9% upside from the latest close, which is smaller than the consensus analyst target but supports the idea of some recovery potential if execution stays on track.

Product focus - Netflix streaming service

At the center of the story remains Netflix's streaming platform, which now combines a large catalogue of series and films with a growing ad-supported tier and experiments in live content and gaming. Recent earnings commentary emphasizes engagement and viewing hours, with management highlighting that profit does not always move in lockstep with raw viewing metrics as the company balances content spend and pricing.

Stock level and trading venue

Netflix stock trades on Nasdaq in US dollars, with the latest widely cited closing price of $74.21 as of August 12, 2026 at 4:00 p.m. EDT and extended trading quotes showing moves slightly above $75 early on August 13, 2026, underscoring that the shares currently sit well below both their start-of-year level and average analyst price targets while remaining a significant constituent of major US growth indices.

Netflix stock snapshot

• Company: Netflix Inc.
• ISIN: US64110L1061
• Ticker: NFLX
• Exchange: Nasdaq
• Price (as of August 12, 2026, 4:00 p.m. EDT): $74.21 USD
• Sector / Industry: Communication Services / Movies & Entertainment
• Index membership: S&P 500