Netflix snaps six straight sessions of losses

Netflix (NASDAQ:NFLX) shares snapped six straight sessions of losses, as the stock closed 0.9% higher at $628.4 on Wednesday.

The California-based streaming giant lost about 3% in the preceding six sessions. Overall, the stock has gained nearly 28% so far this year, compared to the over 15% rise in the broader S&P 500 Index.

NFLX is down 7% over the past one month. The stock closed 0.7% lower on Tuesday at $622.58.

Looking at Seeking Alpha’s Quant Rating, NFLX has a Hold rating with a score of 3.47 out of 5. The company received A+ in the prospect of profitability, while it got a D- in valuation.

Turning to the Wall Street community, 29 analysts gave NFLX a Buy and above. 15 analysts have given the stock a Hold recommendation, and two recommended Sell or lower.

Seeking Alpha analysts are also bullish and see the stock as a Buy.

Earlier in the month, the company surpassed revenue growth and user growth expectations in its second-quarter earnings, though free cash flow took a step back.

“NFLX’s revenue drivers are very clear through 2026: 2H24 driven by continued subscriber tailwinds; FY25 benefits from price increases & FY26 from advertising monetization at scale,” said Oppenheimer analyst Jason Helfstein.

The brokerage added investors should feel confident about the company’s ability to continue consolidating viewership.

However, Seeking Alpha analyst Joe Albano pointed out that Netflix needs more tangible near-term catalysts to push the stock higher.