Netflix - NFLX Stock Forecast, Price & News

40 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 4 sell ratings, 17 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street 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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40 brokerages have issued 12 month target prices for Netflix's shares. Their NFLX share price forecasts range from $162.00 to $700.00. On average, they anticipate the company's stock price to reach $312.32 in the next year. This suggests that the stock has a possible downside of 2.5%.
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Netflix's stock was trading at $602.44 at the beginning of 2022. Since then, NFLX shares have decreased by 46.8% and is now trading at $320.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
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Netflix, Inc. (NASDAQ:NFLX) issued its earnings results on Tuesday, October, 18th. The Internet television network reported $3.10 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.99. The Internet television network had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.84 billion. Netflix had a trailing twelve-month return on equity of 27.64% and a net margin of 16.03%. Netflix's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $3.19 earnings per share.
Read the conference call transcript.

Shares of Netflix split on Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly issued 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 fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $0.36-$0.36 for the period, compared to the consensus EPS estimate of $1.12. The company issued revenue guidance of $7.78 billion-$7.78 billion, compared to the consensus revenue estimate of $7.97 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.89%), State Street Corp (3.71%), Price T Rowe Associates Inc. MD (2.56%), Citadel Advisors LLC (0.00%), Polen Capital Management LLC (1.65%) and Baillie Gifford & Co. (1.57%). 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 $320.41.

Netflix (NASDAQ:NFLX) has a market capitalization of $142.59 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 $11.16 on an earnings per share basis.

The company employs 11,300 workers across the globe.

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.