Netflix Stock Underperforming the S&P 500?

Netflix’s stock is trading below key benchmarks and still trails the broader market, according to a market-focused breakdown. Headquartered in Los Gatos, California, Netflix (NFLX) has a market cap of about $340.3 billion and relies primarily on subscription-based streaming, with an advertising business adding another monetization channel. The stock is 35.5% under its 52-week high of $126.71 and has fallen 33.6% over the past year, while the S&P 500 is up 18.6%. In 2026, Netflix is down 12.8% year to date versus a 12.7% gain for the index. Technically, it stayed below the 200-day moving average since mid-April but recently regained the 50-day, and it’s up 25% from its mid-July low of $65.08. Analysts remain supportive: 49 ratings show a “Moderate Buy” with a mean target of $95.52.