NASDAQ:NFLX

Netflix (NFLX) Stock Forecast, Price & News

$401.36

-1.77 (-0.44%)

(As of 02:22 PM ET)

Compare

Today's Range: $395.90
▼
$406.58
50-Day Range: $317.55
▼
$403.13
52-Week Range: $164.28
▼
$407.52

Volume: 4.02 million shs
Average Volume: 7.35 million shs
Market Capitalization: $178.42 billion

P/E Ratio: 43.16
Dividend Yield: N/A
Price Target: $349.72

Netflix MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 13.5% 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: 0.55
Based on 41 Articles This Week
Insider Trading: Selling Shares
$11.85 M Sold Last Quarter
Proj. Earnings Growth: 30.12%
From $11.19 to $14.56 Per Share

Overall MarketRank^™

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

2.15 out of 5 stars

Consumer Discretionary Sector

146th out of 273 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 13.5% from its current price of $404.34.
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.

1.4

News and Social Media Coverage

News Sentiment
Netflix has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 41 news articles for Netflix this week, compared to 41 articles on an average week.
Search Interest
Only 122 people have searched for NFLX on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
Only 45 people have added Netflix to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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 $11,846,640.00 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 30.12% in the coming year, from $11.19 to $14.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Netflix is 43.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Netflix is 43.48, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 11.89.
Price to Earnings Growth Ratio
Netflix has a PEG Ratio of 1.57. 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 8.24. 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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