Netflix Stock Price Forecast: Rebounds Ahead of Earnings, Can It Rise Further to Break $80?

TradingKey - Netflix Successfully Halts Decline and Rebounds Ahead of Earnings; With Bulls Entering, Can It Continue to Surge Past $80?

On October 20 Eastern Time, Netflix (NFLX) will release its third-quarter (Q3) 2026 earnings report after U.S. market close. Ahead of the announcement, Netflix's stock price rose slightly to return above $70. However, can Netflix bulls leverage the momentum to break through the $80 mark?

According to derivatives market data, the options market is pricing in a volatility of approximately ±7.3% for this earnings report. If earnings exceed expectations and trigger a bullish breakout, a 7.3% boost on top of $70 would directly push the stock price toward $75–$76, placing it just one step away from the $80 mark.

Currently, market consensus expectations for earnings per share fall roughly in the $0.82–$0.85 range, while revenue maintains high single-digit to double-digit growth. Compared to the Q3 performance, management's revenue guidance for the fourth-quarter year-end peak season is the real key to whether the stock price can break through $80 in one go. Therefore, even if reported earnings fall short of expectations, better-than-expected revenue would still be favorable for the stock price to climb further.

From a technical analysis perspective, Netflix faces its first resistance level at the high of $72.50–$75.00 reached on October 15. If positive catalysts materialize after the earnings release, the stock must immediately break through $75.00 on volume to further attract trend-following buying to challenge the early September swing high platform of $80.00–$82.50.

Netflix stock price chart, Source: TradingView

However, if Netflix's earnings or Q4 guidance fall short of expectations, the first strong structural support below lies at $66.50–$67.50, which is the October swing low platform. As long as the daily K-line does not close below $65.00, the technical pattern of a long-term bottoming rebound remains intact.