3 reasons why Netflix shares are down 20% in 2026

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Netflix earnings preview: Analysts split on engagement concerns as shares languish near lows

July 16, 2026 12:00 PM EDT

Netflix (NASDAQ: NFLX) is set to report second-quarter results after the close today, with analysts largely expecting an in-line print, though views diverge on whether recent engagement concerns and a more active M&A posture justify the stock's roughly 20% year-to-date decline.

Bank of America analyst Jessica Reif Ehrlich reiterated a Buy rating and $125 price target on NFLX in a note this week ahead of the release.

BofA attributed the stock pullback to concerns over engagement... More