Down 28%, Netflix Stock Is Suddenly a Bargain

Netflix (NFLX) stock has fallen 28.72% from its 52-week high, as the market grew cautious about the streaming giant’s growth outlook, profitability, and leadership transition.

Despite delivering a strong first-quarter performance, Netflix management maintained its full-year 2026 revenue guidance instead of raising expectations. That surprised investors who expected management to signal accelerating momentum. The decision immediately raised concerns that Netflix may be seeing slower growth ahead.