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BABA   84.06 (-0.57%)
AMD   100.73 (+0.65%)
T   14.60 (-1.22%)
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MU   67.82 (-0.01%)
CGC   0.68 (-1.19%)
GE   108.26 (+0.46%)
DIS   79.50 (-0.05%)
AMC   7.96 (+1.40%)
PFE   33.89 (-0.03%)
PYPL   58.03 (+1.27%)
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Most-Upgraded StocksMost-Upgraded
NASDAQ:NFLX

Netflix (NFLX) Stock Forecast, Price & News

$378.99
+2.24 (+0.59%)
(As of 09:46 AM ET)
Compare
Today's Range
$375.80
▼
$379.85
50-Day Range
$376.36
▼
$448.68
52-Week Range
$211.73
▼
$485.00
Volume
413,039 shs
Average Volume
6.83 million shs
Market Capitalization
$167.95 billion
P/E Ratio
40.36
Dividend Yield
N/A
Price Target
$433.06
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Netflix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
14.9% Upside
$433.06 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.21mentions of Netflix in the last 14 days
Based on 71 Articles This Week
Insider Trading
Selling Shares
$51.05 M Sold Last Quarter
Proj. Earnings Growth
31.32%
From $11.91 to $15.64 Per Share

Overall MarketRank™

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

2.70 out of 5 stars

Consumer Discretionary Sector

61st out of 272 stocks

Video Tape Rental Industry

1st out of 3 stocks

See Top Rated MarketRank™ Stocks Here

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.

NFLX Price History

NFLX Stock News Headlines

October 2, 2023 | marketbeat.com
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own (NFLX)
Cloudflare Inc. (NYSE: NET) is the world's most connected cloud network, offering a serverless cloud architecture, security and artificial intelligence (AI)
September 28, 2023 | marketbeat.com
Netflix's DVD-by-mail service bows out as its red-and-white envelopes make their final trip
The curtain is finally coming down on Netflix’s once-iconic DVD-by-mail service, a quarter century after the birth of a concept that obliterated Blockbuster video stores while providing a springboard into video streaming that has transformed entertainment
October 4, 2023 | Edge On The Street (Ad)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
September 27, 2023 | marketbeat.com
Communications Sector to Lead Q3 EPS Growth; Stocks to Watch (NFLX)
The Communications Sector will lead the S&P 500 with earnings growth this quarter, but which companies are growing and can outperform consensus?
September 14, 2023 | marketbeat.com
Shutterstock is the Value Stock they don't want you to know about (NFLX)
Shutterstock may be one of the easiest decisions investors will make this year, as the company's charts - except the stock chart - have pointed nowhere but up
September 13, 2023 | marketbeat.com
4-H teams with Netflix's 'Spy Kids: Armageddon' to launch new learning platform Clover
The National 4-H Council is growing in a new direction – online – by launching its e-learning platform Clover with a collaboration with Netflix and its new movie “Spy Kids: Armageddon.”
September 11, 2023 | marketbeat.com
These are the Top 3 Sectors for 3rd Quarter Profit Growth (NFLX)
The Q3 earnings reporting is approaching quickly and the news will not all be good; These are the top sectors to watch for growth.
September 6, 2023 | marketbeat.com
3 Growth Stocks to Buy in September (NFLX)
As the calendar turns to September, optimistic investors will look for value in quality companies with a history of generating strong revenue and earnings
October 4, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
October 4, 2023 | markets.businessinsider.com
Analysts Have Conflicting Sentiments on These Technology Companies: Netflix (NFLX) and Spire Global (SPIR)
October 4, 2023 | finance.yahoo.com
1 Easily Overlooked Reason Apple Is the Most Attractive FAANG Stock
October 3, 2023 | msn.com
Netflix said to look at price hike after actors strike ends
October 3, 2023 | msn.com
Netflix (NASDAQ:NFLX) Set to Increase Prices in Coming Months
October 3, 2023 | markets.businessinsider.com
Netflix Stock (NASDAQ:NFLX): Don’t Ignore Its Gaming Potential
October 3, 2023 | finance.yahoo.com
Netflix (NFLX) Stock Moves -0.94%: What You Should Know
October 3, 2023 | wsj.com
Stocks to Watch Tuesday: Netflix, Alibaba, Point Biopharma, McCormick, Airbnb
October 3, 2023 | finance.yahoo.com
Discovery+ Is Raising Prices as Streaming Wars Enter New Phase
October 3, 2023 | investing.com
Netflix plans to raise prices after actors strike ends - WSJ
October 3, 2023 | wsj.com
Netflix Stock Rises After Price Hike Report
October 3, 2023 | msn.com
Disney+ Follows Netflix, Clamps Down on Subscription Sharing Amid Strategic Shifts
October 3, 2023 | investing.com
Netflix preparing to increase price after actors strike - WSJ
October 3, 2023 | benzinga.com
Netflix Stock Jumps As Company Contemplates Price Increases: The Details
October 3, 2023 | msn.com
Netflix Greenlights First Hebrew-Language TV Series
October 3, 2023 | msn.com
Netflix (NASDAQ:NFLX) Aims to Deepen Subscriber Engagement with Merchandise
October 2, 2023 | msn.com
First trailer for Julia Roberts' Netflix movie Leave the World Behind
October 2, 2023 | msn.com
Netflix Acquires Elizabeth Olsen’s ‘His Three Daughters’ After Toronto Debut
October 2, 2023 | fortune.com
Netflix made zero dollars from popular ‘Wednesday’ merchandise—now it wants to fix that mistake
See More Headlines
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NFLX Company Calendar

Last Earnings
7/19/2023
Today
10/04/2023
Next Earnings (Confirmed)
10/18/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
$433.06
High Stock Price Forecast
$600.00
Low Stock Price Forecast
$215.00
Forecasted Upside/Downside
+14.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
37 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$9.39
Trailing P/E Ratio
40.12
Forward P/E Ratio
31.63
P/E Growth
1.25
Net Income
$4.49 billion
Net Margins
13.22%
Pretax Margin
14.97%
Return on Equity
19.76%
Return on Assets
8.65%

Debt

Debt-to-Equity Ratio
0.62
Current Ratio
1.33
Quick Ratio
1.33

Sales & Book Value

Annual Sales
$31.62 billion
Price / Sales
5.28
Cash Flow
$42.24 per share
Price / Cash Flow
8.92
Book Value
$46.65 per share
Price / Book
8.08

Miscellaneous

Outstanding Shares
443,150,000
Free Float
432,293,000
Market Cap
$166.96 billion
Optionable
Optionable
Beta
1.31

Social Links

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Key Executives

  • Mr. Wilmot Reed Hastings Jr.Mr. Wilmot Reed Hastings Jr. (Age 63)
    Co-Founder & Exec. Chairman
    Comp: $1.67M
  • Mr. Theodore A. SarandosMr. Theodore A. Sarandos (Age 58)
    Co-CEO, Pres & Director
    Comp: $21.79M
  • Mr. Gregory K. PetersMr. Gregory K. Peters (Age 52)
    Co-CEO, Pres & Director
    Comp: $16.62M
  • Mr. Spencer Adam Neumann (Age 53)
    Chief Financial Officer
    Comp: $7.04M
  • Mr. David HymanMr. David Hyman (Age 57)
    Chief Legal Officer & Sec.
    Comp: $6.01M
  • Ms. Rachel Whetstone (Age 55)
    Chief Communications Officer
    Comp: $5.5M
  • Mr. Jeffrey William Karbowski (Age 44)
    VP, Chief Accounting Officer & Principal Accounting Officer
  • Mr. Spencer Wang
    VP of Fin., Corp. Devel. & Investor Relations
  • Ms. Marian Lee (Age 44)
    Chief Marketing Officer
  • Ms. Bela Bajaria
    Chief Content Officer

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last year. There are currently 2 sell ratings, 12 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

37 brokers have issued 12 month price targets for Netflix's shares. Their NFLX share price forecasts range from $215.00 to $600.00. On average, they predict the company's stock price to reach $433.06 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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 at the start of the year. Since then, NFLX stock has increased by 27.8% and is now trading at $376.75.
View the best growth stocks for 2023 here.

When is Netflix's next earnings date?

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

How can I listen to Netflix's earnings call?

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.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) released its quarterly earnings results on Wednesday, July, 19th. The Internet television network reported $3.29 EPS for the quarter, beating the consensus estimate of $2.85 by $0.44. The Internet television network had revenue of $8.19 billion for the quarter, compared to analysts' expectations of $8.29 billion. Netflix had a net margin of 13.22% and a trailing twelve-month return on equity of 19.76%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.20 earnings per share.
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 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).

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 distributed 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 updated 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 earnings per share 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.

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 shareholders include Appleton Partners Inc. MA (0.00%). 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.
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 $376.75.

How much money does Netflix make?

Netflix (NASDAQ:NFLX) has a market capitalization of $166.96 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 $9.39 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 10/4/2023 by MarketBeat.com Staff

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