Netflix - NFLX Stock Forecast, Price & News

39 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last year. There are currently 6 sell ratings, 22 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NFLX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NFLX, but not buy additional shares or sell existing shares.
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39 analysts have issued 12 month price targets for Netflix's shares. Their NFLX share price forecasts range from $157.00 to $730.00. On average, they expect the company's stock price to reach $312.71 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
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Netflix's stock was trading at $602.44 at the beginning of 2022. Since then, NFLX stock has decreased by 59.7% and is now trading at $242.70.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
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Netflix, Inc. (NASDAQ:NFLX) released its earnings results on Tuesday, July, 19th. The Internet television network reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $2.96 by $0.24. The Internet television network earned $7.97 billion during the quarter, compared to the consensus estimate of $8.03 billion. Netflix had a trailing twelve-month return on equity of 30.07% and a net margin of 16.42%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.97 EPS.
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Netflix shares split on the morning of Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly minted 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.

Netflix issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of $2.14-$2.14 for the period, compared to the consensus estimate of $2.77. The company issued revenue guidance of $7.84 billion-$7.84 billion, compared to the consensus revenue estimate of $8.08 billion.

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.

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).

Netflix trades on the NASDAQ under the ticker symbol "NFLX."

Netflix's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (1.68%), Loomis Sayles & Co. L P (1.25%), Clearbridge Investments LLC (0.62%), Swiss National Bank (0.43%), Deutsche Bank AG (0.39%) and Principal Financial Group Inc. (0.36%). Insiders that own company stock include Ann Mather, Anne M Sweeney, David A Hyman, Gregory K Peters, Jay C Hoag, Jessica Neal, Leslie J Kilgore, Reed Hastings, Richard N Barton, Rodolphe Belmer, Susan E Rice and Theodore A Sarandos.
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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.
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One share of NFLX stock can currently be purchased for approximately $242.70.

Netflix (NASDAQ:NFLX) has a market capitalization of $107.93 billion and generates $29.70 billion in revenue each year. The Internet television network earns $5.12 billion in net income (profit) each year or $11.25 on an earnings per share basis.

The company employs 11,300 workers across the globe.

Netflix was founded in 1997.

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.