NEW YORK, Dec. 27, 2025, 10:06 a.m. ET — Market Closed.
Netflix, Inc. (NASDAQ: NFLX) stock is heading into the final stretch of 2025 with U.S. equity markets shut for the weekend and traders looking ahead to Monday’s reopening. Netflix shares last finished regular trading on Friday, Dec. 26 at $94.47, up about 0.9% on the day. [1]
The broader tape was quiet in post-holiday trading, with the major U.S. indexes ending nearly flat as investors continued to watch the seasonal “Santa Claus rally” window and year-end positioning. “We’re just simply catching our breath today after the holiday,” Carson Group chief market strategist Ryan Detrick told Reuters in a Friday market wrap. [2]
Where Netflix stock stands going into the next session
With the market closed Saturday, the most actionable reference point for investors is Friday’s close and the week’s positioning:
- Last close (Fri., Dec. 26): $94.47
- Day range (Fri., Dec. 26): roughly $93.27 to $94.69
- Volume (Fri., Dec. 26): about 22 million shares [3]
Netflix is also still well below its mid-year highs on a split-adjusted basis. Several market trackers place its 52-week high in the low-to-mid $130s, implying the stock is roughly ~30% off peak levels as 2025 winds down. [4]
The last 24–48 hours: what’s driving the conversation on NFLX
There hasn’t been a single dominant, company-issued headline in the last two days. Instead, Netflix sentiment over the past 24–48 hours has been shaped by a mix of market context, investor commentary, and renewed focus on core growth drivers.
1) Weekend mode: thin liquidity and year-end tape
Friday’s session was widely characterized as light-volume and catalyst-thin, a setup that can amplify moves when fresh headlines hit. Reuters noted the major indexes were nearly unchanged and that only a few trading days remained in the year. [5]
For Netflix specifically, that matters because the stock has been sensitive to deal headlines and analyst notes in recent weeks—exactly the kind of news that can create gaps when liquidity is thinner.
2) “Pullback as opportunity” takes re-emerge
A TipRanks piece published within the last day spotlighted bullish commentary from investor Rick Munarriz, who argued that “History has taught us that pullbacks are buying opportunities when it comes to Netflix.” The same write-up also referenced Wall Street’s generally positive ratings mix and a 12‑month price target in the low‑$130s range. [6]
3) Stock split still in the background — but fundamentals remain the focus
Netflix’s high-profile 10‑for‑1 stock split (announced in late October and implemented in November) continues to be referenced in weekend analysis. Reuters quoted eMarketer senior analyst Ross Benes as saying a split can make shares easier for small investors to buy, but it doesn’t change the underlying business. [7]
A separate weekend market commentary article also pointed to Netflix as a stock-split name with meaningful upside potential if execution holds—highlighting the ad-supported tier and Wall Street’s target levels. [8]
4) Content catalyst: “Stranger Things” finale right ahead
On the consumer side, Netflix has a near-term content moment: Entertainment Weekly reported that the “Stranger Things” series finale is set to premiere Dec. 31 at 8 p.m. ET, with the Duffer brothers describing the finale as “very large in scale” and “starting at a sprint.” Big franchise moments can influence engagement metrics and subscriber retention narratives—topics that often resurface in market commentary even when the company doesn’t report granular subscriber numbers each quarter. [9]
The bigger overhang: the Warner Bros. deal and financing headlines still matter for NFLX
While not a last-48-hours headline, the market continues to frame Netflix through the lens of its proposed Warner Bros. Discovery transaction and the financing package around it—because that storyline can change quickly and has direct implications for leverage, integration risk, and regulatory outcomes.
- Reuters reported that Netflix refinanced part of a $59 billion bridge loan, arranging a $5 billion revolver and two $10 billion delayed‑draw term loans, leaving a large portion to be syndicated. [10]
- Netflix’s own SEC filing details the revolving credit facility and delayed‑draw term loans, including how proceeds may be used (deal cash portion, fees, refinancing, and general corporate purposes) as well as covenants such as an interest coverage requirement. [11]
- Reuters has also covered the competitive and regulatory backdrop surrounding the Warner assets, with Paramount-related developments adding complexity to the deal environment. In one Reuters report, S&P Global principal analyst Seth Shafer expressed skepticism that revised terms would meaningfully change shareholder views: “I doubt many Warner Bros shareholders… were holding out” for the specific issues the revisions addressed. [12]
For NFLX shareholders, the market’s key question is less about whether Netflix is a strong streaming operator—and more about how much uncertainty (and potential dilution/leverage) investors should price in until the deal path becomes clearer.
Wall Street forecasts: where analysts see Netflix stock over the next 12 months
Across several major consensus-tracking sources, the broad takeaway is consistent: targets cluster in the low-to-mid $130s, implying roughly 35%–40% upside from around $94–$95 per share—though there’s meaningful dispersion between the low and high targets.
- MarketBeat lists a consensus price target around $129.68 (with targets ranging widely). [13]
- StockAnalysis shows an average target around $131 and a median target around $138.5, with a published range that stretches from the high‑$80s to the low‑$150s. [14]
- TipRanks’ summary in the investor-focused piece cited an average target of about $131.86 and a “Moderate Buy” style consensus framing. [15]
The bull case cited most often in recent commentary centers on (1) advertising-tier monetization, (2) operating margin and free cash flow discipline, and (3) Netflix’s ability to keep producing globally scalable hits.
On advertising specifically, recent analysis pieces note Netflix has cited about 190 million monthly active viewers on the ad-supported tier—big reach, but investors still want more clarity on the revenue and margin ramp. [16]
What investors should know before the next session
Because the market is closed today, the practical edge is preparation: understanding what could move the stock when liquidity returns.
Watch for filings and deal updates when EDGAR and markets reopen
The SEC announced that EDGAR was closed Dec. 24 through Dec. 26, and filings due on those dates would be considered timely if filed on Dec. 29, 2025 (the next operational business day). That raises the odds that delayed filings and transaction-related documents could hit on Monday—either from Netflix or from other parties tied to the Warner deal ecosystem. [17]
Know the next major company catalyst: Q4 results date
Netflix has said it plans to post fourth-quarter 2025 results on Tuesday, Jan. 20, 2026, with a management video interview afterward. That date increasingly becomes the next “hard catalyst” for the stock—especially for guidance, ad-tier monetization commentary, and any updates on major strategic initiatives. [18]
Be mindful of year-end conditions
Reuters’ Friday market recap emphasized the post-holiday backdrop and the ongoing seasonal period investors watch into early January. In thin markets, a single headline—especially around M&A, regulation, or financing—can drive larger-than-usual premarket gaps on Monday. [19]
As Monday’s session approaches, Netflix stock remains a tug-of-war between core business momentum (ads, content, and cash generation) and event-driven risk (deal structure, financing, and regulatory scrutiny). The weekend news cycle may be quiet—but for NFLX, the next open often starts with what happened while markets were closed.
References
1. finance.yahoo.com, 2. www.reuters.com, 3. finance.yahoo.com, 4. www.fool.com, 5. www.reuters.com, 6. www.tipranks.com, 7. www.reuters.com, 8. www.fool.com, 9. ew.com, 10. www.reuters.com, 11. www.sec.gov, 12. www.reuters.com, 13. www.marketbeat.com, 14. stockanalysis.com, 15. www.tipranks.com, 16. www.fool.com, 17. www.sec.gov, 18. ir.netflix.net, 19. www.reuters.com
