Netflix (NFLX) Stock Forecast, Price & News

38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NFLX shares.
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38 equities research analysts have issued twelve-month target prices for Netflix's shares. Their NFLX share price forecasts range from $215.00 to $600.00. On average, they anticipate the company's stock price to reach $430.12 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
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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 28.8% and is now trading at $379.81.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
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Netflix will be holding an earnings conference call on Wednesday, October 18th at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Netflix, Inc. (NASDAQ:NFLX) issued its earnings results on Wednesday, July, 19th. The Internet television network reported $3.29 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.44. The Internet television network had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.29 billion. Netflix had a net margin of 13.22% and a trailing twelve-month return on equity of 19.76%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 EPS.
Read the conference call transcript.

ETFs with the largest weight of Netflix (NASDAQ:NFLX) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), First Trust S-Network Streaming and Gaming ETF (BNGE), Fidelity Disruptive Communications ETF (FDCF), Vanguard Communication Services ETF (VOX), Gabelli Growth Innovators ETF (GGRW), First Trust Dow Jones Internet Index Fund (FDN), Fidelity MSCI Communication Services Index ETF (FCOM) and iShares Global Comm Services ETF (IXP).

Netflix shares split before market open on Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly issued shares were distributed 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.

Netflix issued an update on its third quarter 2023 earnings guidance on Wednesday, July, 19th. The company provided EPS guidance of $3.52-$3.52 for the period, compared to the consensus EPS estimate of $3.24. The company issued revenue guidance of $8.52 billion-$8.52 billion, compared to the consensus revenue estimate of $8.68 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.75%), Capital Research Global Investors (3.94%), State Street Corp (3.77%), Bank Julius Baer & Co. Ltd Zurich (3.41%), Capital World Investors (2.58%) and Capital International Investors (2.52%). Insiders that own company stock include Ann Mather, David A Hyman, Gregory K Peters, Jay C Hoag, Jay C Hoag, Jessica Neal, Reed Hastings, Richard N Barton, Rodolphe Belmer, Theodore A Sarandos, 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 $379.81.

Netflix (NASDAQ:NFLX) has a market capitalization of $168.31 billion and generates $32.13 billion in revenue each year. The Internet television network earns $4.49 billion in net income (profit) each year or $9.39 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.