GENERAL3 Sept 2026
Netflix stock down 38% from its record high; is it the right time to buy? | Stock Market News
Netflix stock is down 38% from its record high, and down 9% this year, while the Nasdaq is up 13%. The fall started after its quarterly revenue guidance missed expectations and competition tightened. Experts say the stock is now bouncing from support near $68–70, aiming for $88–92. Short-term traders may hold long positions, but longer-term investors should wait for a clear turning point.
Key Statutory Highlights
- Netflix fell about 38% from its all-time high of $134.12, closing at $82.73 on 2 September.
- Its Q3 revenue guidance of $12.86 billion was below consensus estimates of around $13 billion.
- Experts see support around $68–70 and a possible rise to $88–92, but advise long-term investors to wait for a clear reversal pattern.
Actionable Advice for Taxpayers / Founders:Don't rush to buy this dip. If you are a medium- or long-term investor, wait for a clear reversal pattern to form before starting a new position; existing holders should watch how the stock behaves near the $88–92 zone.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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