Why Netflix, Inc. (NFLX) stock moved
Netflix, Inc. (NFLX) shares fell 2.0% to $74.79 as of August 11, 2026, a modest decline from the prior close of $76.29. BestStocks flagged the session as a major change for NFLX. The move is tied to a new SEC filing. Below, we break down what changed for NFLX, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
SEC Filing
Netflix, Inc. (NFLX) filed a new 8-K on July 30, 2026. The filing contents were not disclosed in available data. NFLX earnings are scheduled for October 20, 2026, with a consensus EPS estimate of $0.82.
What it means for Netflix, Inc. investors
For Netflix, Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum; Positive price momentum. Weighing against that: Negative session, down 2.0%; Netflix reported Q3 revenue and EPS guidance below Wall Street forecasts, signaling the slowest revenue growth since Q3 2023, per CNBC and Reuters. Because peers moved similarly, the shift looks more macro- or sector-driven than a change in NFLX's fundamentals. Wall Street's consensus price target sits at $91.82, implying +22.8% upside from $74.79. Over the past 90 days analysts logged 0 upgrades and 1 downgrade. BestStocks rates the overall signal quality low (53/100). With earnings roughly 70 days out, the next report is the most likely near-term test of the move.
NFLX price reaction
NFLX last traded at $74.79, down $1.50 (-1.97%) from the previous close of $76.29. Its communication services peer group moved a median -2.1% over the same stretch, leaving NFLX essentially in line with peers. Over the past month the stock has ranged between $67.60 and $76.29, and it currently sits about 83% 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, 22.8% above the recent $74.79. Over the past 90 days analysts logged 0 upgrades, 26 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 +22.8% upside from $74.79.
- The Street's most bullish target is $119.00 (+59.1%).
- Positive price momentum.
The bearish case
- 1 analyst downgrade in the past 90 days, most recently KGI Securities to Neutral (2026-07-17).
- Negative session, down 2.0%.
- 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.
Weighing both sides, BestStocks' composite read of recent signals is bearish, 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 11, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for NFLX
Frequently asked questions about NFLX
Why did Netflix, Inc. (NFLX) stock move?
NFLX fell 2.0% to $74.79. The move is associated with a new SEC filing and looks like a sector-wide move.
How much did NFLX stock fall?
NFLX lost 1.97% ($1.50) versus the prior close of $76.29, last trading at $74.79.
When is Netflix, Inc.'s next earnings date?
NFLX's next earnings report is estimated for 2026-10-20 — about 70 days away.
What is the analyst price target for NFLX?
The consensus analyst price target for NFLX is $91.82, about 22.8% above the current $74.79. Over the past 90 days, analysts recorded 0 upgrades, 26 maintains, and 1 downgrade.
Is the NFLX move company-specific or sector-wide?
BestStocks classifies it as a sector-wide move: the peer group moved a median -2.1% against NFLX's -2.0%. NFLX ranks top 1 of 2 peers.
How BestStocks tracks NFLX
This page is generated automatically by BestStocks' change-detection system after a new SEC filing was detected and verified against independent data sources. It draws on 16 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 11, 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.