QQQ   435.27 (-0.53%)
AAPL   181.42 (-0.66%)
MSFT   407.72 (+0.06%)
META   484.02 (-0.62%)
GOOGL   136.38 (-1.80%)
AMZN   173.16 (-0.22%)
TSLA   202.04 (+1.16%)
NVDA   776.63 (-1.32%)
NIO   5.44 (-6.05%)
AMD   176.54 (-0.82%)
BABA   74.60 (-3.96%)
T   16.96 (+0.77%)
F   12.30 (+2.50%)
MU   89.71 (-2.33%)
CGC   3.36 (-4.82%)
GE   155.62 (+1.06%)
DIS   110.81 (+1.27%)
AMC   5.00 (+3.95%)
PFE   27.06 (+0.59%)
PYPL   60.25 (+0.15%)
XOM   104.37 (+0.33%)
QQQ   435.27 (-0.53%)
AAPL   181.42 (-0.66%)
MSFT   407.72 (+0.06%)
META   484.02 (-0.62%)
GOOGL   136.38 (-1.80%)
AMZN   173.16 (-0.22%)
TSLA   202.04 (+1.16%)
NVDA   776.63 (-1.32%)
NIO   5.44 (-6.05%)
AMD   176.54 (-0.82%)
BABA   74.60 (-3.96%)
T   16.96 (+0.77%)
F   12.30 (+2.50%)
MU   89.71 (-2.33%)
CGC   3.36 (-4.82%)
GE   155.62 (+1.06%)
DIS   110.81 (+1.27%)
AMC   5.00 (+3.95%)
PFE   27.06 (+0.59%)
PYPL   60.25 (+0.15%)
XOM   104.37 (+0.33%)
QQQ   435.27 (-0.53%)
AAPL   181.42 (-0.66%)
MSFT   407.72 (+0.06%)
META   484.02 (-0.62%)
GOOGL   136.38 (-1.80%)
AMZN   173.16 (-0.22%)
TSLA   202.04 (+1.16%)
NVDA   776.63 (-1.32%)
NIO   5.44 (-6.05%)
AMD   176.54 (-0.82%)
BABA   74.60 (-3.96%)
T   16.96 (+0.77%)
F   12.30 (+2.50%)
MU   89.71 (-2.33%)
CGC   3.36 (-4.82%)
GE   155.62 (+1.06%)
DIS   110.81 (+1.27%)
AMC   5.00 (+3.95%)
PFE   27.06 (+0.59%)
PYPL   60.25 (+0.15%)
XOM   104.37 (+0.33%)
QQQ   435.27 (-0.53%)
AAPL   181.42 (-0.66%)
MSFT   407.72 (+0.06%)
META   484.02 (-0.62%)
GOOGL   136.38 (-1.80%)
AMZN   173.16 (-0.22%)
TSLA   202.04 (+1.16%)
NVDA   776.63 (-1.32%)
NIO   5.44 (-6.05%)
AMD   176.54 (-0.82%)
BABA   74.60 (-3.96%)
T   16.96 (+0.77%)
F   12.30 (+2.50%)
MU   89.71 (-2.33%)
CGC   3.36 (-4.82%)
GE   155.62 (+1.06%)
DIS   110.81 (+1.27%)
AMC   5.00 (+3.95%)
PFE   27.06 (+0.59%)
PYPL   60.25 (+0.15%)
XOM   104.37 (+0.33%)

Netflix (NFLX) Stock Price, News & Analysis

$596.48
-5.19 (-0.86%)
(As of 02/28/2024 ET)
Today's Range
$590.01
$598.17
50-Day Range
$468.50
$601.67
52-Week Range
$285.33
$605.36
Volume
2.60 million shs
Average Volume
5.35 million shs
Market Capitalization
$258.13 billion
P/E Ratio
49.67
Dividend Yield
N/A
Price Target
$556.82

Netflix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
6.6% Downside
$556.82 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.36mentions of Netflix in the last 14 days
Based on 98 Articles This Week
Insider Trading
Selling Shares
$148.79 M Sold Last Quarter
Proj. Earnings Growth
21.85%
From $16.93 to $20.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.42 out of 5 stars

Consumer Discretionary Sector

70th out of 261 stocks

Video Tape Rental Industry

1st out of 3 stocks


NFLX stock logo

About Netflix Stock (NASDAQ:NFLX)

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.

NFLX Stock Price History

NFLX Stock News Headlines

Is Roku worth a second look after the earnings panic selloff? (NFLX)
Streaming video hardware and software platform operator Roku Inc. (NASDAQ: ROKU) shares were pummeled over 35% followings its Q4 2023 earnings report.
Warner Bros. Discover: Debt down, profits up, yet questions remain (NFLX)
Warner Bros. Discovery navigates a volatile market as streaming surges offset the studio stumbles, leaving the future on shaky ground.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
MarketBeat Week in Review – 1/29 - 2/2 (NFLX)
Markets remained resilient even after disappointing news from Apple sales in China and a higher-than-expected jobs report delivered a bearish one-two punch
TKO Group's NFLX deal is the knockout punch investors needed (NFLX)
TKO Group gapped up nearly 16% in record volume on the Netflix deal news before an ensuing low-volume pullback created what may be a favorable entry point
Today’s market could make Sysco stock break out, will it? (NFLX)
There is a new money shift coming to the marketplace, and this one sector seems to be first in line to receive new investment dollars, with Sysco as a favorite
SoFi stock to have huge earnings growth, markets like the story
The tech sector is at an all-time high, yet some stocks still struggle to catch up; here is why SoFi may soon beat everyone else in the group
Netflix makes huge Dan Lin decision
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
2 Popular Stocks to Buy and Hold Forever
See More Headlines
Receive NFLX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Netflix and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
1/23/2024
Today
2/28/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Video tape rental
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
Employees
13,000
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$556.82
High Stock Price Target
$700.00
Low Stock Price Target
$333.00
Potential Upside/Downside
-6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
35 Analysts

Profitability

Net Income
$5.41 billion
Pretax Margin
18.40%

Debt

Sales & Book Value

Annual Sales
$33.72 billion
Cash Flow
$46.82 per share
Book Value
$47.57 per share

Miscellaneous

Free Float
422,157,000
Market Cap
$258.13 billion
Optionable
Optionable
Beta
1.22

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Should I Buy Netflix Stock? NFLX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Netflix was last updated on Wednesday, February 21, 2024 at 12:25 AM.

Pros

Here are some ways that investors could benefit from investing in Netflix, Inc.:

  • Netflix, Inc. provides entertainment services including TV series, documentaries, feature films, and games across various genres and languages.
  • Netflix has a strong presence in approximately 190 countries, allowing for global reach and potential growth opportunities.
  • Recent developments in technology have made it easier for users to access Netflix content on various devices, increasing user engagement.
  • Netflix's subscription-based model provides a steady stream of revenue, offering stability for investors.
  • The current stock price of Netflix, Inc. is favorable for potential investors looking to enter the market.

Cons

Investors should be bearish about investing in Netflix, Inc. for these reasons:

  • While Netflix has a strong presence globally, competition in the streaming industry is fierce, with other major players vying for market share.














NFLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Netflix stock right now?

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NFLX shares.
View NFLX analyst ratings
or view top-rated stocks.

What is Netflix's stock price target for 2024?

35 Wall Street research analysts have issued 12 month price targets for Netflix's shares. Their NFLX share price targets range from $333.00 to $700.00. On average, they expect the company's stock price to reach $556.82 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for NFLX
or view top-rated stocks among Wall Street analysts.

How have NFLX shares performed in 2024?

Netflix's stock was trading at $486.88 at the start of the year. Since then, NFLX shares have increased by 22.5% and is now trading at $596.48.
View the best growth stocks for 2024 here
.

Are investors shorting Netflix?

Netflix saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 8,080,000 shares, a drop of 18.6% from the January 31st total of 9,930,000 shares. Based on an average daily volume of 4,760,000 shares, the short-interest ratio is currently 1.7 days. Currently, 1.9% of the shares of the stock are short sold.
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, April 16th 2024.
View our NFLX earnings forecast
.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) announced its quarterly earnings data on Tuesday, January, 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by $0.09. The Internet television network earned $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a trailing twelve-month return on equity of 24.76%. The business's revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS.
Read the conference call transcript
.

When did Netflix's stock split?

Netflix shares 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 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.

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

Netflix issued an update on its first quarter 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 4.490-4.490 for the period, compared to the consensus EPS estimate of 4.100. The company issued revenue guidance of $9.2 billion-$9.2 billion, compared to the consensus revenue estimate of $9.3 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).

Who are Netflix's major shareholders?

Netflix's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.42%), Price T Rowe Associates Inc. MD (2.73%), Capital World Investors (2.71%), Capital International Investors (2.05%), Capital Research Global Investors (1.58%) and Jennison Associates LLC (1.26%). Insiders that own company stock include Ann Mather, David A Hyman, Gregory K Peters, Jay C Hoag, Jay C Hoag, Reed Hastings, Richard N Barton, Spencer Adam Neumann, Theodore A Sarandos, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:NFLX) was last updated on 2/28/2024 by MarketBeat.com Staff