Key Points Since 2004, Netflix stock has dropped 35% or more from a high six times, and it eventually reclaimed the old high every time. The round trips back to the old high took anywhere from about 11 months to more than four years. Unlike at most past bottoms, Netflix's business is setting records, with operating income expected to grow more than 20% in 2026. 10 stocks we like better than Netflix › Shares of Netflix (NASDAQ:NFLX) trade near $78 as of this writing, about 38% below their 52-week high of $124.86, set last October. Measured from June 2025's all-time high of about $134, the drop is closer to 42% -- and at the stock's July low, it was about 50%. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.
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