NFLX Price Prediction: The $65 Floor Is the Only Thing Standing Between Netflix and a Full Breakdown
Zach Anderson Sep 29, 2026 13:01 UTC NFLX is trading at $70.17, pinned below every key moving average and down 46% from its all-time high, with Wells Fargos $57 bear case no longer looking extreme. A pre-earnings bounce toward $74–$7… Bleeding Out in Broad Daylight: The Setup Heading Into October Earnings Netflix hits today‘s session at $70.17, down 2.26% in 24 hours, with a day range of $68.93 to $72.68 that perfectly frames the problem — the stock can barely catch a bid and every attempted rally dies on contact with resistance. The broader context here is brutal and traders need to stare it in the face: NFLX peaked at $134.12 on June 30, 2025, and has since cut that in half. That’s not a sector rotation, thats a structural re-rating. The catalyst stack driving the selloff is well-documented. YouTube captured 14.2% of U.S. living-room TV viewing in July 2026 while Netflix fell to a multiyear low of 7.8%. Wells Fargo analyst Steven Cahall flagged that Netflix viewing time averaged just 1.6 hours per subscriber daily in the first half of 2026 — down 8% from 2023 levels. Two high-profile September downgrades crystallized the bear thesis: Wells Fargo moved to Underweight with a $57 target









