Pre-market · Regular session opens 9:30 AM ET
Last update: Aug 19, 2026, 6:10 PM ET
Netflix, Inc.
$80.22 3.15% today
Pre-market

Why Netflix, Inc. (NFLX) stock moved

Updated Aug 20, 2026

Netflix, Inc. (NFLX) shares rose 3.2% to $80.22 as of August 20, 2026, a moderate gain from the prior close of $77.77. BestStocks flagged the session as a major change for NFLX. Below, we break down what changed for NFLX, why it matters for investors, how the stock reacted, and the catalysts on the calendar.

What happened

NFLX climbed 3.2% to $80.22

NFLX rose 3.2% in its latest session, moving from $77.77 to $80.22.

ActivityLow confidence
Rel. volume
0.7×
Below Avg
Vs peers
No comparable peers
Market cap
$334.0B
NASDAQ Global Select
Analyst target
$92
+14.5% vs price
Price chart
Jul 20 – Aug 20
VVVFNFVV$67$74$80Jul 20Jul 28Aug 5Aug 12Aug 20
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details

What it means for Netflix, Inc. investors

For Netflix, Inc. investors, the recent signals are mixed, leaving the near-term picture neutral / mixed. On the constructive side: Positive 3.2% session move; Positive price momentum. Weighing against that: Netflix reported Q3 revenue and EPS guidance below Wall Street forecasts, signaling the slowest revenue growth since Q3 2023, per CNBC and Reuters; Netflix, Inc. (NFLX) moved -2.78% from $75.47 to $73.37 on 2026-07-10. Wall Street's consensus price target sits at $91.82, implying +14.5% upside from $80.22. Over the past 90 days analysts logged 0 upgrades and 1 downgrade. BestStocks rates the overall signal quality low (47/100). With earnings roughly 61 days out, the next report is the most likely near-term test of the move.

NFLX price reaction

NFLX last traded at $80.22, up $2.45 (+3.15%) from the previous close of $77.77. The session traded on 0.7× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $67.60 and $80.22, and it currently sits about 100% of the way up that band.

Bullish and bearish analyst opinions on Netflix, Inc. (NFLX)

The consensus analyst price target on Netflix, Inc. (NFLX) is $91.82, 14.5% above the recent $80.22. Over the past 90 days analysts logged 0 upgrades, 24 maintains, and 1 downgrade. Here is how the bullish and bearish cases on NFLX line up.

The bullish case

  • Wall Street's consensus price target of $91.82 implies +14.5% upside from $80.22.
  • The Street's most bullish target is $119.00 (+48.3%).
  • Positive 3.2% session move.
  • Positive price momentum.

The bearish case

  • The most bearish analyst target is $75.00 (-6.5%).
  • 1 analyst downgrade in the past 90 days, most recently KGI Securities to Neutral (2026-07-17).
  • Netflix reported Q3 revenue and EPS guidance below Wall Street forecasts, signaling the slowest revenue growth since Q3 2023, per CNBC and Reuters.
  • Netflix, Inc. (NFLX) moved -2.78% from $75.47 to $73.37 on 2026-07-10.
  • Netflix, Inc. (NFLX) declined 3.23% from $73.78 to $71.40 on 2026-06-30.
Bull vs bear balanceNeutral / Mixed
BearishNeutralBullish

Weighing both sides, BestStocks' composite read of recent signals is roughly balanced, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.

Analyst price targets and ratings are FMP consensus figures as of Aug 20, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.

Analyst expectations
Consensus target: $92+14.5%
= 24 maintains1 downgrades
Baird maintained Outperform · 2026-07-22
SEC filings watch
8-K2026-07-30
Material event — review for impact
high
8-K2026-07-22
Material event — review for impact
high
10-Q2026-07-17
Quarterly financial results
medium
8-K2026-07-16
Material event — review for impact
high
Peer context
NFLX+3.2%

Previous notable changes for NFLX

Activity2026-08-18+2.3%via Yahoo Finance
Netflix rose 3.78% to $78.89 following Pershing Square Capital Management's disclosure of a new 3.15 million-share stake (4.9% portfolio allocation), with billionaire Bill Ackman stating the company has "won the streaming wars." The activist investor's re-entry reverses a 2022 exit and signals confidence in the stock at current valuations, coinciding with momentum in Netflix's ad-tier growth—upfront advertising commitments nearly doubled year-over-year—and ongoing share buybacks. Volume of 11.1 million shares ran 1.27x the time-adjusted average.
Activity2026-08-13+5.4%via Yahoo Finance
Netflix stock rose 2.82% to $76.30, driven by Bill Ackman's Pershing Square Capital Management disclosing a major new 3.15 million share stake (valued ~$2.1 billion) on August 13, 2026, alongside momentum from the company wrapping up 2026-2027 upfront ad sales with commitments nearly doubling year-over-year toward its $3 billion ad revenue target (investing.com, finance.yahoo.com). The move reflects institutional confidence following a period of relative underperformance and the company's attractive forward valuation relative to free cash flow generation.
Valuation2026-08-10+2.9%via Yahoo Finance
Netflix recovered +2.13% to $75.72 as investors reassess the stock following a heavy post-earnings sell-off in mid-July after Q2 results missed revenue consensus and Q3 guidance disappointed, according to the web catalyst. Selective buying has emerged on valuation and confidence in the expanding ad-supported tier scaling toward $3 billion in ad revenue. Volume remains below average at 0.54x expected for this point in the session.
Filings2026-07-30-0.6%
Netflix, Inc. (NFLX) filed a new 8-K on July 30, 2026. The filing contents were not disclosed in available data.
Upcoming catalysts & outlook
Next earnings
2026-10-20 (est.)
in 61 days
Earnings Release
2026-10-20
High impact
Thesis shift
Neutral / Mixed
bearish signal
Risk level
High
from change events

Frequently asked questions about NFLX

Why did Netflix, Inc. (NFLX) stock move?

NFLX rose 3.2% to $80.22. No single company-specific catalyst was confirmed during the move window, and it looks technical.

How much did NFLX stock rise?

NFLX gained 3.15% ($2.45) versus the prior close of $77.77, last trading at $80.22 on 0.7× average volume.

When is Netflix, Inc.'s next earnings date?

NFLX's next earnings report is estimated for 2026-10-20 — about 61 days away.

What is the analyst price target for NFLX?

The consensus analyst price target for NFLX is $91.82, about 14.5% above the current $80.22. Over the past 90 days, analysts recorded 0 upgrades, 24 maintains, and 1 downgrade.

How BestStocks tracks NFLX

This page is generated automatically by BestStocks' change-detection system after its price and volume cleared NFLX-specific materiality thresholds, triggering an evidence check. It draws on 19 tracked change events for NFLX, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of August 20, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.

Data sources
FMP real-time & historical price dataSEC EDGAR filingsFMP earnings & estimatesAnalyst ratings & price targets (FMP)Earnings calendar (FMP)
Educational research tool — not personalized investment advice. Data may be delayed.