Netflix Increases Buybacks: Can It Complete A Reversal In 2023? 

Key Points

  • Netflix is down following the Q1 results but the odds of a complete reversal in 2023 are growing. 
  • Mixed results and near-term headwinds are offset by an expectation for improvement in the 2nd half. 
  • Regardless, cash flow is robust and share repurchases are expected to increase. 
  • 5 stocks we like better than Netflix

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Netflix (NFLX)
4.78 of 5 stars
$561.23-0.6%N/A38.95Moderate Buy$630.58
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Thomas Hughes

About Thomas Hughes

  • tmhughes.writeon@gmail.com

Contributing Author

Technical and Fundamental Analysis

Experience

Thomas Hughes has been a contributing writer for MarketBeat since 2019.

Areas of Expertise

Technical analysis, the S&P 500; retail, consumer, consumer staples, dividends, high-yield, small caps, technology, economic data, oil, cryptocurrencies

Education

Associate of Arts in Culinary Technology

Past Experience

Market watcher, trader and investor for numerous websites. Founded Passive Market Intelligence LLC to provide market research insights. 


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