NASDAQ:NFLX

Netflix (NFLX) Stock Forecast, Price & News

$399.29

-4.25 (-1.05%)

(As of 06/6/2023 ET)

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Today's Range: $396.93
▼
$405.12
50-Day Range: $317.55
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$403.54
52-Week Range: $164.28
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$413.86

Volume: 4.98 million shs
Average Volume: 7.35 million shs
Market Capitalization: $177.50 billion

P/E Ratio: 42.93
Dividend Yield: N/A
Price Target: $349.72

Netflix MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 12.4% 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: -0.04
Based on 42 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

145th out of 262 stocks

Video Tape Rental Industry

2nd out of 3 stocks

2.3

Analyst's Opinion

Consensus Rating
Netflix has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 24 buy ratings, 10 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $349.72, Netflix has a forecasted downside of 12.4% from its current price of $399.29.
Amount of Analyst Coverage
Netflix has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.26% of the float of Netflix has been sold short.
Short Interest Ratio / Days to Cover
Netflix has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Netflix has recently increased by 17.86%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Netflix does not currently pay a dividend.
Dividend Growth
Netflix does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Netflix has received a 21.28% net impact score from Upright. Netflix seems to create the most significant positive value in categories "Taxes", "Meaning & joy", and "Jobs". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "TV show streaming services", "Movie streaming services", and "Creation of storytelling television shows" products. See details.
Environmental Sustainability
The Environmental Impact score for Netflix is -0.30.

1.1

News and Social Media Coverage

News Sentiment
Netflix has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 42 news articles for Netflix this week, compared to 41 articles on an average week.
Search Interest
Only 112 people have searched for NFLX on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.
MarketBeat Follows
Only 47 people have added Netflix to their MarketBeat watchlist in the last 30 days. This is a decrease of -22% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Netflix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,305,805.00 in company stock.
Percentage Held by Insiders
Only 2.45% of the stock of Netflix is held by insiders.
Percentage Held by Institutions
77.26% of the stock of Netflix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Netflix are expected to grow by 30.34% in the coming year, from $11.14 to $14.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Netflix is 42.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Netflix is 42.93, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.78.
Price to Earnings Growth Ratio
Netflix has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Netflix has a P/B Ratio of 8.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

June 5, 2023 | marketbeat.com

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

June 2, 2023 | marketbeat.com

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.

June 6, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.

May 30, 2023 | marketbeat.com

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.

May 24, 2023 | marketbeat.com

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.

May 23, 2023 | marketbeat.com

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

May 22, 2023 | marketbeat.com

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.

May 16, 2023 | marketbeat.com

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

June 6, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

May 10, 2023 | marketbeat.com

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

May 9, 2023 | marketbeat.com

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

May 8, 2023 | marketbeat.com

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.

June 6, 2023 | businessinsider.com

'The Mother' starring Jennifer Lopez is one of Netflix's biggest hit movies of all time

June 6, 2023 | benzinga.com

Here's How Much You Would Have Made Owning Netflix Stock In The Last 10 Years

June 6, 2023 | finance.yahoo.com

NFLX Stock Today: Sell This Calendar Spread Now, And You Might Pocket As Much As $770 In July

June 6, 2023 | finance.yahoo.com

UPDATE 2-Hollywood actors authorize strike as writers still out

June 5, 2023 | benzinga.com

Looking At Netflix's Recent Unusual Options Activity

June 5, 2023 | finance.yahoo.com

Swedish streamer Viaplay ousts chief and issues profit warning

June 5, 2023 | finance.yahoo.com

Hollywood actors set vote to authorize strike with writers still out

June 3, 2023 | reuters.com

Netflix, Disney, Amazon to challenge India's tobacco rules for streaming

June 3, 2023 | msn.com

Netflix's Password-Sharing Crackdown Is Here. Can It Turn Around the Stock?

June 3, 2023 | americanbankingnews.com

Netflix, Inc. (NASDAQ:NFLX) Chairman Reed Hastings Sells 26,012 Shares

June 2, 2023 | msn.com

Netflix Executives and Their Lavish Pay: Shareholders Say, Not So Fast!

June 2, 2023 | forbes.com

Netflix Equips The Witcher With $319 Million Budget

June 2, 2023 | msn.com

Netflix Shareholders Reject Proposed Executive Pay Package

June 2, 2023 | finance.yahoo.com

Hollywood writers’ strike creates ripple effects across California's economy, other states

June 2, 2023 | seekingalpha.com

Netflix: The Top Is In, For Now

See More Headlines

NFLX Price History

30 days | 90 days | 365 days | Advanced Chart

NFLX Company Calendar

Last Earnings: 4/18/2023
Today: 6/06/2023
Next Earnings (Estimated): 7/18/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Video tape rental
Sub-Industry: Internet Retail
Sector: Consumer Discretionary
Current Symbol: NASDAQ:NFLX
CUSIP: 64110L10
CIK: 1065280
Web: www.netflix.com
Phone: (408) 540-3700
Fax: 408-540-3737
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: -12.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 37 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.30
Trailing P/E Ratio: 42.93
Forward P/E Ratio: 35.84
P/E Growth: 1.6
Net Income: $4.49 billion
Net Margins: 13.16%
Pretax Margin: 14.90%
Return on Equity: 20.43%
Return on Assets: 8.75%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 1.26
Quick Ratio: 1.26

Sales & Book Value

Annual Sales: $31.62 billion
Price / Sales: 5.61
Cash Flow: $42.21 per share
Price / Cash Flow: 9.46
Book Value: $46.65 per share
Price / Book: 8.56

Miscellaneous

Outstanding Shares: 444,540,000
Free Float: 433,646,000
Market Cap: $177.50 billion
Optionable: Optionable
Beta: 1.26

Social Links

Key Executives

Theodore A. Sarandos
Co-Chief Executive Officer & Director

Gregory K. Peters
Co-Chief Executive Officer & Director

Spencer Adam Neumann
Chief Financial Officer

Adriane C. McFetridge
Engineering Director

Deborah Black
Vice President-Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NFLX Stock - Frequently Asked Questions

Should I buy or sell Netflix stock right now?: 37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last year. 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.
View NFLX analyst ratings or view top-rated stocks.
What is Netflix's stock price forecast for 2023?: 37 equities research analysts have issued 1 year price objectives 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 twelve months. This suggests that the stock has a possible downside of 12.4%.
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 stock has increased by 35.4% and is now trading at $399.29.
View the best growth stocks for 2023 here.
Are investors shorting Netflix?: Netflix saw a increase in short interest during the month of 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 trading volume of 6,610,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.3% of the company's shares 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, 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 EPS for the quarter, topping analysts' consensus estimates of $2.83 by $0.05. The Internet television network earned $8.16 billion during the quarter, compared to analysts' expectations of $8.18 billion. Netflix had a net margin of 13.16% and a trailing twelve-month return on equity of 20.43%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.53 EPS.
Read the conference call transcript.
What ETFs hold Netflix's stock?: 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).
When did Netflix's stock split?: Netflix shares split on 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 earnings per share 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 a number of institutional and retail 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.
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 $399.29.
How much money does Netflix make?: Netflix (NASDAQ:NFLX) has a market capitalization of $177.50 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 6/6/2023 by MarketBeat.com Staff

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