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NVDA   388.55 (-1.20%)
NIO   7.68 (+1.59%)
BABA   83.51 (-0.90%)
AMD   117.64 (-0.19%)
T   15.30 (+0.59%)
F   12.53 (+1.13%)
MU   67.76 (-2.04%)
CGC   0.80 (-2.70%)
GE   104.62 (-1.12%)
DIS   90.23 (-0.59%)
AMC   4.61 (+1.32%)
PFE   38.69 (+0.86%)
PYPL   63.73 (-0.36%)
NFLX   407.68 (+1.80%)
NASDAQ:NFLX

Netflix (NFLX) Stock Forecast, Price & News

$407.68
+7.21 (+1.80%)
(As of 10:16 AM ET)
Compare
Today's Range
$400.15
$409.10
50-Day Range
$317.55
$403.13
52-Week Range
$164.28
$409.10
Volume
1.43 million shs
Average Volume
7.31 million shs
Market Capitalization
$181.23 billion
P/E Ratio
43.84
Dividend Yield
N/A
Price Target
$349.72

Netflix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
12.7% Downside
$349.72 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
-0.06mentions of Netflix in the last 14 days
Based on 43 Articles This Week
Insider Trading
Selling Shares
$22.31 M Sold Last Quarter
Proj. Earnings Growth
30.34%
From $11.14 to $14.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Consumer Discretionary Sector

136th out of 268 stocks

Video Tape Rental Industry

2nd out of 3 stocks


NFLX stock logo

About Netflix (NASDAQ:NFLX) Stock

Netflix is a digital technology and media company and company that put streaming on the map. Begun as an easy way to get DVDs through the mail, Netflix ended the era begun by Blockbuster and ushered in a new age with the advent of streaming media. Today, the company provides a complete range of digitized media content and its services are available through most types of media devices. Netflix, Inc. is headquartered in Los Gatos, California, and went public in 2002.

Netflix was founded on August 29, 1997, by partners Reed Hastings and Marc Randolph. The two met after their previous projects merged together and came up with the idea while carpooling to work. The idea was to find a category of goods akin to Amazon’s dominance with books and make them available over the Internet in a similar fashion.

The pair had already discounted the idea of renting VHS tapes over the mail when they heard about DVDs which first became available in 1997. After a test run to be sure a DVD could be mailed and delivered intact, the pair jumped into the multi-billion dollar movie rental business head first. Along the way, the company will make many innovations including a tool that makes personalized movie suggestions for each member. In 2006 membership will top 5 million then later, in 2007, the company will enter the streaming market where it will quickly dominate too.

Netflix entered the original content market in 2012 with the release of Hemlock Grove. Hemlock Grove is a supernatural drama that was followed up by Orange Is The New Black. Orange Is The New Black was a groundbreaking series for viewers and led to a series of other successes including Stranger Things. In March 2021 Netflix Studios was the most nominated at the Academy Awards.

Today the company has approximately 222 million paid members in 190 countries and offers services in more than 62 languages. Subscribers can choose from a variety of plans but all include unlimited access to all the content on the site. The difference in plans is in how many screens or devices can be used at a single time which allows subscription-sharing among family and friends.

The company has also moved on from a pure-play on rentals to making its own content and has a growing portfolio of brands to its credit. At one point in the company’s evolution, Jeff Bezos offered to acquire the company for Amazon for about $15 million but Hastings turned him down. The company was valued at a market cap of $99.42 BILLION in late 2022.

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NFLX Stock News Headlines

Here’s Why Disney’s MCU is Sinking in Quicksand (NFLX)
Media and entertainment giant The Walt Disney Company (NYSE: DIS) has seen a continued decline in its Disney+ subscribers and live-action box office debuts. D
What Should Investors Make of These 3 Dividend Cuts? (NFLX)
Sometimes dividend cuts are a smart moves that eventually lead to improved financial health. Here are three recent examples of companies that lowered dividends.
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
The "How" and "Why" of Investing in 5G Stocks (NFLX)
Want to invest in 5G? You don't have to dig into just the top cellphone carriers. Learn how to invest in 5G stocks in a few different ways.
2 Tech Mid-Caps Under $10 With Big Upside (NFLX)
In the U.S. mid cap space, the 2023 turnaround has been slower - but Wall Street sees these sub-$10 tech stocks running 60% or more over the next 12 months.
Netflix to charge an additional $8 month for viewers living outside US subscribers' households
Netflix has outlined how it intends to crack down on the rampant sharing of account passwords in the U.S. It's an attempt to reel in more subscribers to its video streaming service amid a slowdown in growth
Netflix Stock Just Had Its Largest Intraday Gain Since 2022
Netflix was up 7.49% last week after the company revealed that its ad-based plan has reached 5 million monthly active users.
Akamai Technologies Soars on Robust Cybersecurity and Cloud Sales (NFLX)
Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) had substantial profits driven by record security
AI industry Is Exploding! New Breakthrough Expected this Summer
Bill Gates says the AI Era has begun. Every tech company is looking to integrate artificial intelligence. A young company holds the secret to the next biggest AI advancement.
Netflix CEO Ted Sarandos withdraws from PEN America gala, citing writers strike
Citing the current Hollywood writers strike, Netflix CEO Ted Sarandos will not be attending next week’s PEN America Gala in Manhattan, when he was to accept a Business Visionary Award
Is Alteryx Stock Presenting a Buying Opportunity? (NFLX)
Alteryx Inc. (NYSE: AYX) is a big data analytics automation platform enabling companies to collect, process, prepare and analyze data in different formats from
Is the Electric Vehicle Movement Losing Steam? (NFLX)
The electric vehicle (EV) movement has become a secular tailwind driven by both global decarbonization initiatives, social awareness and government incentives.
Netflix: The Top Is In, For Now
See More Headlines

NFLX Price History

NFLX Company Calendar

Last Earnings
4/18/2023
Today
6/05/2023
Next Earnings (Estimated)
7/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Video tape rental
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
Employees
12,800
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$349.72
High Stock Price Forecast
$450.00
Low Stock Price Forecast
$215.00
Forecasted Upside/Downside
-12.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
37 Analysts

Profitability

Net Income
$4.49 billion
Pretax Margin
14.90%

Debt

Sales & Book Value

Annual Sales
$31.62 billion
Cash Flow
$42.33 per share
Book Value
$49.10 per share

Miscellaneous

Free Float
433,646,000
Market Cap
$178.02 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Theodore A. SarandosTheodore A. Sarandos
    Co-Chief Executive Officer & Director
  • Gregory K. PetersGregory K. Peters
    Co-Chief Executive Officer & Director
  • Spencer Adam Neumann
    Chief Financial Officer
  • Adriane C. McFetridge
    Engineering Director
  • Deborah Black
    Vice President-Engineering













NFLX Stock - Frequently Asked Questions

Should I buy or sell Netflix stock right now?

37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NFLX shares.
View NFLX analyst ratings
or view top-rated stocks.

What is Netflix's stock price forecast for 2023?

37 analysts have issued 1 year price targets for Netflix's shares. Their NFLX share price forecasts range from $215.00 to $450.00. On average, they predict the company's share price to reach $349.72 in the next year. This suggests that the stock has a possible downside of 12.7%.
View analysts price targets for NFLX
or view top-rated stocks among Wall Street analysts.

How have NFLX shares performed in 2023?

Netflix's stock was trading at $294.88 on January 1st, 2023. Since then, NFLX shares have increased by 35.8% and is now trading at $400.47.
View the best growth stocks for 2023 here
.

Are investors shorting Netflix?

Netflix saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,900,000 shares, an increase of 17.9% from the April 30th total of 8,400,000 shares. Based on an average daily volume of 6,610,000 shares, the short-interest ratio is presently 1.5 days. Currently, 2.3% of the shares of the stock are sold short.
View Netflix's Short Interest
.

When is Netflix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our NFLX earnings forecast
.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) issued its quarterly earnings results on Tuesday, April, 18th. The Internet television network reported $2.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.05. The Internet television network had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.18 billion. Netflix had a net margin of 13.16% and a trailing twelve-month return on equity of 20.43%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.53 EPS.
Read the conference call transcript
.

When did Netflix's stock split?

Shares of Netflix split on the morning of Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly issued shares were payable to shareholders after the closing bell on Tuesday, July 14th 2015. An investor that had 100 shares of stock prior to the split would have 700 shares after the split.

What guidance has Netflix issued on next quarter's earnings?

Netflix updated its second quarter 2023 earnings guidance on Wednesday, April, 19th. The company provided EPS guidance of $2.84-$2.84 for the period, compared to the consensus estimate of $3.05. The company issued revenue guidance of $8.24 billion-$8.24 billion, compared to the consensus revenue estimate of $8.48 billion.

What is Reed Hastings' approval rating as Netflix's CEO?

676 employees have rated Netflix Chief Executive Officer Reed Hastings on Glassdoor.com. Reed Hastings has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Netflix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Netflix investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Alphabet (GOOG), Boeing (BA), Micron Technology (MU), Salesforce (CRM) and PayPal (PYPL).

What is Netflix's stock symbol?

Netflix trades on the NASDAQ under the ticker symbol "NFLX."

Who are Netflix's major shareholders?

Netflix's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.45%), FMR LLC (5.30%), State Street Corp (3.64%), Price T Rowe Associates Inc. MD (2.52%), Geode Capital Management LLC (1.85%) and Mizuho Markets Americas LLC (1.57%). Insiders that own company stock include Ann Mather, David A Hyman, Gregory K Peters, Jay C Hoag, Jay C Hoag, Jessica Neal, Leslie J Kilgore, Reed Hastings, Richard N Barton, Rodolphe Belmer, Susan E Rice, Theodore A Sarandos and Timothy M Haley.
View institutional ownership trends
.

How do I buy shares of Netflix?

Shares of NFLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Netflix's stock price today?

One share of NFLX stock can currently be purchased for approximately $400.47.

How much money does Netflix make?

Netflix (NASDAQ:NFLX) has a market capitalization of $178.02 billion and generates $31.62 billion in revenue each year. The Internet television network earns $4.49 billion in net income (profit) each year or $9.30 on an earnings per share basis.

How many employees does Netflix have?

The company employs 12,800 workers across the globe.

Does Netflix have any subsidiaries?
The following companies are subsidiares of Netflix: Boss Fight Entertainment, Millarworld, Netflix Entretenimento Brasil LTDA, Netflix G.K., Netflix Global LLC, Netflix International B.V., Netflix México S. de R.L. de C.V., Netflix Pte. Ltd, Netflix Services France S.A.S., Netflix Services UK Limited, Netflix Servicios de Transmisión España S.L., Netflix Studios LLC, Next Games, Night School Studio, Scanline VFX, StoryBots, and The Roald Dahl Story.
Read More
How can I contact Netflix?

Netflix's mailing address is 100 WINCHESTER CIRCLE, LOS GATOS CA, 95032. The official website for the company is www.netflix.com. The Internet television network can be reached via phone at (408) 540-3700 or via fax at 408-540-3737.

This page (NASDAQ:NFLX) was last updated on 6/5/2023 by MarketBeat.com Staff

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