The stock gained as investors bought into the recent pullback, trading at a historically low valuation ahead of its July 16 second-quarter earnings report.The Nasdaq is down 1.54% while the S&P 500 has shed 0.56%, even as the Communication Services sector is up 0.67%, giving NFLX a relative-strength bid against a risk-off tape.Technical AnalysisThe bigger trend is still pointed down: the stock is trading 0.9% below its 20-day SMA ($75.28) and much further below longer-term levels, including 9.1% under the 50-day SMA ($82.06) and 21.2% under the 200-day SMA ($94.70).That "stack" of moving averages overhead keeps rallies vulnerable to selling pressure until price can reclaim at least the 20-day/50-day area.Structurally, the bearish backdrop remains in place, with the 20-day SMA below the 50-day SMA and a death cross (50-day SMA below the 200-day SMA) that formed in December 2025.Netflix Earnings And Analyst OutlookThe countdown is on: Netflix is set to report earnings on July 16, 2026 (confirmed).
EPS Estimate: 79 cents (Up from 72 cents YoY)
Revenue Estimate: $12.58 Billion (Up from $11.08 Billion YoY)
Valuation: P/E of 23.7x (Suggests fair valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $110.76. Recent analyst moves include:
