Netflix Inc. (NASDAQ:NFLX) stock fell nearly 1% in Monday’s premarket trading after closing 7.3% lower in the previous session. The decline came as analysts cut their price forecasts following the company’s latest earnings report, despite a broader risk-on backdrop that lifted S&P 500 futures by 0.4%.

Netflix Analysts Cut Forecasts After Earnings

Netflix reported second-quarter revenue growth of 13%, while viewing time increased 2%. The company also remains on track to generate more than $15 billion in profit this year.

Even so, investors focused on signs of moderating growth. The stock sold off after the results, reflecting concerns that Netflix’s rapid expansion is slowing following years of strong gains.

Rosenblatt analyst Barton Crockett maintained a Neutral rating and lowered his price forecast to $75 from $95. He said second-quarter revenue missed expectations, and management did not have a “great explanation” for the slower revenue growth expected in the third quarter.

TD Cowen analyst John Blackledge reiterated a Buy rating but cut his price forecast to $100 from $112. Bank of America Securities analyst Jessica Reif Ehrlich also reiterated Buy while lowering her forecast to $105 from $125.

Despite the recent weakness, TD Cowen said first-half engagement remained stable and argued that Netflix still has a significant long-term opportunity because of its global streaming leadership.

Rosenblatt also noted that the full impact of Netflix’s March U.S. price increases may not be reflected in its UCAN segment until the third quarter of 2026. However, the firm questioned why the company’s narrowed full-year guidance implies slower fourth-quarter revenue growth.

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Expands Creator Strategy

Separately, Netflix is also broadening its content strategy by partnering with leading YouTube creators.

According to Bloomberg, the company has signed programming deals with YouTube creators, including Alan Chikin Chow, Nick DiGiovanni and Mythical Entertainment. Those agreements add to earlier partnerships with Ms. Rachel, Mark Rober, Salish & Jordan Matter, Danny Go!, Hot Ones and The Stokes Twins.

The co-exclusive agreements allow creators to publish content on both YouTube and Netflix, giving Netflix access to popular programming without requiring creators to leave YouTube.

Co-CEO Ted Sarandos said the company’s broader programming strategy reflects changing viewer habits, describing the shift as “evolutionary, not revolutionary.”

Netflix Technical Analysis

Netflix remains in a long-term downtrend. The stock trades 7.3% below its 20-day simple moving average of $73.88, 15% below its 50-day SMA of $80.56 and 26.9% below its 200-day SMA of $93.74.

The 20-day SMA remains below the 50-day SMA, signaling continued short-term weakness. In addition, the death cross that formed in December 2025, when the 50-day SMA fell below the 200-day SMA, continues to reinforce the broader bearish trend.

ETF Exposure

Netflix is a major holding in several exchange-traded funds, including:

  • First Trust Dow Jones Internet Index Fund (NYSE:FDN): 6.37% weighting
  • Fidelity MSCI Communication Services Index ETF (NYSE:FCOM): 5.80% weighting
  • Global X PureCap MSCI Communication Services ETF (NYSE:GXPC): 5.22% weighting

Because Netflix represents a sizable portion of these funds, large ETF inflows or outflows can create additional buying or selling pressure on the stock.

Netflix Price Action

NFLX Stock Price Activity: Netflix shares were trading down 0.90% at $68.33 during premarket trading on Monday, according to Benzinga Pro data.

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