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PFE   32.85 (-2.29%)
PYPL   58.62 (-3.68%)
NFLX   384.15 (-0.56%)
QQQ   357.86 (-1.83%)
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MSFT   319.53 (-0.39%)
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GOOGL   130.44 (-2.47%)
AMZN   129.33 (-4.41%)
TSLA   255.70 (-2.62%)
NVDA   410.17 (-2.89%)
NIO   8.46 (-4.19%)
BABA   84.12 (-1.89%)
AMD   96.11 (-4.22%)
T   15.31 (-1.61%)
F   12.20 (-1.30%)
MU   67.90 (-2.55%)
CGC   0.77 (-11.53%)
GE   112.97 (-1.64%)
DIS   82.73 (+0.21%)
AMC   7.71 (-5.51%)
PFE   32.85 (-2.29%)
PYPL   58.62 (-3.68%)
NFLX   384.15 (-0.56%)

Netflix (NFLX) Stock Forecast, Price & News

$384.15
-2.15 (-0.56%)
(As of 09/21/2023 ET)
Compare
Today's Range
$383.42
$395.90
50-Day Range
$386.30
$477.59
52-Week Range
$211.73
$485.00
Volume
5.55 million shs
Average Volume
6.96 million shs
Market Capitalization
$170.24 billion
P/E Ratio
40.91
Dividend Yield
N/A
Price Target
$431.44

Netflix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
12.3% Upside
$431.44 Price Target
Short Interest
Healthy
2.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.43mentions of Netflix in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$54.55 M Sold Last Quarter
Proj. Earnings Growth
31.88%
From $11.92 to $15.72 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Consumer Discretionary Sector

80th out of 261 stocks

Video Tape Rental Industry

1st out of 2 stocks


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

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
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.”
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
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.
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
MarketBeat Week in Review – 8/28 - 9/1 (NFLX)
The markets ended the week with mixed results as stocks enter what is historically the toughest month of the year and next week volume should pick up
What is a Blue Chip Company? Overview and Examples (NFLX)
A blue chip is a publicly traded, well-established, financially sound company. Learn more about blue chips with MarketBeat.
How to Capitalize on Netflix's Accelerating Recovery (NFLX)
Looking ahead to the final few months of the year, Netflix's rally looks set to continue gathering pace. Here are two ways to get involved and take advantage.
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
11 Best Consumer Discretionary Stocks of 2023 (NFLX)
Think you might want to invest in consumer discretionary stocks, which investors usually purchase when the economy chugs along well? Learn more with MarketBeat.
3 Hot Nasdaq Stocks to Ride This Fall (NFLX)
These three ‘less flashy’ Nasdaq outperformers make good momentum plays for a market that is seeing a shift from growth to value names.
Netflix (NFLX) Resurrects Onimusha with Epic Anime Revival
Netflix: Pushing Forward
Netflix (NASDAQ:NFLX) Given New $500.00 Price Target at Evercore ISI
See More Headlines
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NFLX Company Calendar

Last Earnings
7/19/2023
Today
9/21/2023
Next Earnings (Confirmed)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Video tape rental
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
Employees
12,800
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$431.44
High Stock Price Forecast
$600.00
Low Stock Price Forecast
$215.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
38 Analysts

Profitability

Net Income
$4.49 billion
Pretax Margin
14.97%

Debt

Sales & Book Value

Annual Sales
$31.62 billion
Cash Flow
$41.22 per share
Book Value
$46.65 per share

Miscellaneous

Free Float
432,293,000
Market Cap
$170.96 billion
Optionable
Optionable
Beta
1.29

Social Links

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Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

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













NFLX Stock - Frequently Asked Questions

Should I buy or sell Netflix stock right now?

38 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 24 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?

38 equities research analysts have issued 1-year target prices for Netflix's shares. Their NFLX share price forecasts range from $215.00 to $600.00. On average, they expect the company's share price to reach $431.44 in the next twelve months. This suggests a possible upside of 11.8% 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 on January 1st, 2023. Since then, NFLX stock has increased by 30.8% and is now trading at $385.78.
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) issued its earnings results on Wednesday, July, 19th. The Internet television network reported $3.29 earnings per share 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 trailing twelve-month return on equity of 19.76% and a net margin of 13.22%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.20 EPS.
Read the conference call transcript
.

When did Netflix's stock split?

Netflix's stock split on 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.

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

Netflix issued an update on its third quarter 2023 earnings guidance on Wednesday, July, 19th. The company provided earnings per share 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 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.
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 $385.78.

How much money does Netflix make?

Netflix (NASDAQ:NFLX) has a market capitalization of $170.96 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 9/21/2023 by MarketBeat.com Staff

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