Netflix stock news
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Netflix stock climbed 25% from its mid-July 2026 low of $65.08. The bull case hinges on ad revenue growth and a $182 price target.
Background
Netflix shares have been volatile, down 12.84% year to date and about 26% below their 52-week high of $126.71, after a 34% selloff over the past year. Recent recovery is driven by a more attractive valuation, renewed institutional interest including a new stake from Bill Ackman's Pershing Square, and optimism about ad revenue growth and potential content partnerships. The stock has also benefited from a rotation away from the crowded AI trade.
How it unfolded
- mid-July 2026Netflix stock hit a low of $65.08.
- Q2 2026Netflix reported revenue of $12.56 billion, up 13.37% year over year, with EPS of $0.80 beating consensus. Pershing Square took a stake in Netflix.
- Aug 28, 2026Netflix stock was up 25% from its 2026 lows, with Wolfe Research raising its price target from $84 to $95.
- Aug 31, 202624/7 Wall St. reiterated a BUY rating with a $182 price target, implying 123% upside.
- Sep 1, 2026Reports indicate Netflix is considering a new strategy that could boost engagement and revenue, possibly involving charging other streaming services for access to its customers.
Who’s saying what
- Bulls
- Netflix is undervalued with strong growth prospects; 24/7 Wall St. sees 123% upside to $182, citing ad revenue doubling and record buybacks.
- Bears
- Netflix has underperformed the S&P 500, with engagement not meeting standards and intense competition; the stock remains 26% below its high.
- Analysts
- Wolfe Research raised its target to $95, while other analysts have mostly downgraded and cut targets this year.
Still unverified
The potential new strategy Netflix is considering (possibly charging other streaming services for access to its customers) is based on recent reports and not confirmed by the company.