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International Business Times
International Business Times
Business

Netflix Stock Climbs to $97 as Company Walks Away from Warner Bros. Deal, Analysts Turn Bullish

Netflix Inc. (NASDAQ: NFLX) shares closed at $97.09 on March 2, 2026, up 0.88% or $0.85 from the prior session, extending a recent rally fueled by the company's decision to abandon pursuit of an acquisition of Warner Bros. Discovery and renewed analyst optimism on its advertising and organic growth prospects.

Netflix

The stock opened at $95.26, ranged from a low of $95.20 to a high of $98.07, and saw elevated volume of approximately 79.7 million shares. Pre-market trading on March 3 indicated a dip toward $94.92, down about 2.2%, amid broader market caution tied to geopolitical tensions and oil price surges. Netflix's market capitalization stood near $410 billion, positioning it as a heavyweight in the streaming and entertainment sector.

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