Netflix Inc. (NASDAQ:NFLX) stock traded higher by almost 2% on Monday as buyers stepped in near recent lows, and the chart shows early signs of momentum improving.

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 Analysis

The 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 Outlook

The 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:

  • Oppenheimer: Outperform (Lowers Forecast to $100.00) (July 13)
  • Keybanc: Overweight (Lowers Forecast to $92.00) (July 13)
  • Citigroup: Buy (Lowers Forecast to $100.00) (July 9)

Top ETF Exposure

  • First Trust DJ Internet Index Fund (NYSE:FDN): 9.31% Weight
  • First Trust Dow Jones Internet Index Fund (NYSE:FDN): 7.56% Weight
  • Fidelity MSCI Communication Services Index ETF (NYSE:FCOM): 5.80% Weight

Significance: Because NFLX carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

Netflix Price Action

NFLX Stock Price Activity: Netflix shares were up 1.77% at $74.67 at the time of publication on Monday, according to Benzinga Pro data.

Image via Shutterstock

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