Netflix Stock Is Trading Near a 52-Week Low. Is It Finally a Buy?

Netflix stock has fallen 46% from its mid-2025 peak to around $72, hitting a 52-week low. While the company faces headwinds including slowing revenue growth and failed acquisition attempts, its advertising business is booming with revenue expected to double to $3 billion in 2026. At 23x forward earnings, the stock offers a reasonable entry point for long-term investors, though it's not yet a bargain and the bottom may not be in.