Netflix's Revenue Growth Has Slowed for 2 Straight Quarters. Should You Buy the Stock Anyway?

Netflix's revenue growth has decelerated from a 17.6% peak to 13.4% in Q2 2026, with management forecasting further slowdown to ~12% in Q3. However, the analyst suggests this reflects tough year-over-year comparisons rather than weakening demand, as engagement metrics, pricing power, and advertising revenue remain healthy. At a P/E of 19x, the stock appears fairly valued but not a compelling buy until reported quarters stabilize the growth rate.