The financial and operating updates are out, and Netflix is getting the Wall Street spotlight as analysts take a deep dive into the latest data points to handicap the stock outlook for the streaming giant, led by co-CEOs Ted Sarandos and Greg Peters.

Amid recent concerns about engagement momentum, the impact of the soccer World Cup and bullishness about advertising upside at Netflix, the streamer and its strategic moves have been hotly debated in recent months. The latest set of results seems unlikely to change that.

Case in point: a range of analysts cut their stock price target on the streamer in reaction to the Q2 2026 earnings. But many emphasized that they still believe in the stock longer-term, with some suggesting it…