Netflix (NFLX) Stock Forecast, Price & News

37 Wall Street 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 analysts is that investors should "buy" NFLX shares.
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37 Wall Street research analysts have issued twelve-month price objectives for Netflix's shares. Their NFLX share price forecasts range from $215.00 to $450.00. On average, they expect the company's share price to reach $348.75 in the next year. This suggests that the stock has a possible downside of 8.0%.
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Netflix's stock was trading at $294.88 at the beginning of the year. Since then, NFLX stock has increased by 28.5% and is now trading at $378.88.
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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. Approximately 2.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our NFLX earnings forecast.

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

ETFs with the largest weight of Netflix (NASDAQ:NFLX) stock in their portfolio include Invesco Dynamic Media ETF (PBS), Gabelli Growth Innovators ETF (GGRW), Pacer BioThreat Strategy ETF (VIRS), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG) and AdvisorShares Gerber Kawasaki ETF (GK).

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

Netflix issued an update on 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 EPS 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.

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.

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).

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

Netflix's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of NFLX stock can currently be purchased for approximately $378.88.

Netflix (NASDAQ:NFLX) has a market capitalization of $168.43 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.

The company employs 12,800 workers across the globe.

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.