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“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
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Laser breakthrough could send stock soaring 2,467% (Ad)
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Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
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Stock market today: Asian shares slip following technology selloff on Wall Street
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Laser breakthrough could send stock soaring 2,467% (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Laser breakthrough could send stock soaring 2,467% (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prin (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Laser breakthrough could send stock soaring 2,467% (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
NASDAQ:NFLX

Netflix (NFLX) Stock Forecast, Price & News

$399.77
+0.48 (+0.12%)
(As of 06/7/2023 ET)
Compare
Today's Range
$399.23
▼
$418.51
50-Day Range
$317.55
▼
$403.54
52-Week Range
$164.28
▼
$418.95
Volume
11.92 million shs
Average Volume
7.39 million shs
Market Capitalization
$177.71 billion
P/E Ratio
42.99
Dividend Yield
N/A
Price Target
$349.72
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Netflix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
11.2% Downside
$355.00 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.10mentions of Netflix in the last 14 days
Based on 51 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.

2.18 out of 5 stars

Consumer Discretionary Sector

137th out of 255 stocks

Video Tape Rental Industry

2nd 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.

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NFLX Stock News Headlines

June 7, 2023 | marketbeat.com
Netflix Collaboration Fuels IAS, DoubleVerify Stock Surge (NFLX)
Netflix partnership helps fuel IAS and DoubleVerify stocks, showcasing growth in ad verification market. Analysts see both increasing EPS at triple-digit rates.
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 8, 2023 | Legacy Research (Affiliate) (Ad)
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
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.
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.
June 8, 2023 | Altimetry (Ad)
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
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
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
June 8, 2023 | finance.yahoo.com
NFLX Jun 2023 397.500 put
June 7, 2023 | msn.com
Wells Fargo Maintains Netflix (NFLX) Prior Recommendation
June 7, 2023 | forbes.com
The 20 Best Action Movies On Netflix
June 7, 2023 | msn.com
JP Morgan Maintains Netflix (NFLX) Prior Recommendation
June 7, 2023 | msn.com
Netflix gains with analysts positive on paid sharing, advertising
June 7, 2023 | markets.businessinsider.com
JP Morgan Maintains Overweight Rating for Netflix: Here's What You Need To Know
June 7, 2023 | realmoney.thestreet.com
Remember When Netflix Couldn't Do Anything Right?
June 7, 2023 | finance.yahoo.com
Netflix's (NFLX) Expanding Games Portfolio Aids Prospects
June 7, 2023 | finance.yahoo.com
Netflix Stock Can Jump 18% on Password Sharing Crackdown, J.P. Morgan Says
June 7, 2023 | americanbankingnews.com
Netflix (NASDAQ:NFLX) Price Target Increased to $500.00 by Analysts at Wells Fargo & Company
June 7, 2023 | reuters.com
Netflix co-CEO Ted Sarandos to visit S.Korea this month - Yonhap
June 7, 2023 | finance.yahoo.com
UPDATE 1-Netflix co-CEO Ted Sarandos to visit S.Korea this month - Yonhap
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
See More Headlines

NFLX Price History

NFLX Company Calendar

Last Earnings
4/18/2023
Today
6/07/2023
Next Earnings (Estimated)
7/18/2023
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
$355.00
High Stock Price Forecast
$500.00
Low Stock Price Forecast
$215.00
Forecasted Upside/Downside
-12.5%
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
42.99
Forward P/E Ratio
35.89
P/E Growth
1.61
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
5.62
Cash Flow
$41.95 per share
Price / Cash Flow
9.53
Book Value
$46.65 per share
Price / Book
8.57

Miscellaneous

Outstanding Shares
444,540,000
Free Float
433,646,000
Market Cap
$177.71 billion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Theodore A. SarandosTheodore A. Sarandos
    Co-Chief Executive Officer & Director
  • Gregory K. PetersGregory 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 Wall Street research analysts have issued 12-month target prices for Netflix's stock. Their NFLX share price forecasts range from $215.00 to $500.00. On average, they expect the company's stock price to reach $355.00 in the next year. This suggests that the stock has a possible downside of 11.2%.
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 shares have increased by 35.6% and is now trading at $399.77.
View the best growth stocks for 2023 here.

Are investors shorting Netflix?

Netflix saw a increase in short interest in 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. Currently, 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) announced its quarterly earnings results on Tuesday, April, 18th. The Internet television network reported $2.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.05. The Internet television network had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.18 billion. Netflix had a trailing twelve-month return on equity of 20.43% and a net margin of 13.16%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.53 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 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's stock split before market open on Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly created 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 second quarter 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share (EPS) guidance of $2.84-$2.84 for the period, compared to the consensus EPS 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 variety of institutional and retail investors. Top institutional investors 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 $399.77.

How much money does Netflix make?

Netflix (NASDAQ:NFLX) has a market capitalization of $177.71 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 6/8/2023 by MarketBeat.com Staff

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