NASDAQ:NFLX

Netflix - NFLX Stock Forecast, Price & News

$235.44

-4.27 (-1.78%)

(As of 09/30/2022 09:01 PM ET)

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Today's Range: $233.26
▼
$242.44
50-Day Range: $213.91
▼
$249.30
52-Week Range: $162.71
▼
$700.99

Volume: 11.85 million shs
Average Volume: 10.72 million shs
Market Capitalization: $104.70 billion

P/E Ratio: 20.93
Dividend Yield: N/A
Price Target: $295.87

Netflix MarketRank™ Forecast

Analyst Rating: Hold
2.18 Rating Score
Upside/Downside: 25.7% Upside
$295.87 Price Target
Short Interest: Healthy
2.23% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.30
Upright™ Environmental Score
News Sentiment: 0.13
Based on 56 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.27%
From $10.03 to $11.06 Per Share

Overall MarketRank^™

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

2.63 out of 5 stars

Consumer Discretionary Sector

75th out of 281 stocks

Video Tape Rental Industry

1st out of 3 stocks

4.1

Analyst's Opinion

Consensus Rating
Netflix has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 13 buy ratings, 20 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $295.87, Netflix has a forecasted upside of 25.7% from its current price of $235.44.
Amount of Analyst Coverage
Netflix has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.23% 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, 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 2.63%, indicating that investor sentiment is decreasing.

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.

2.9

News and Social Media Coverage

News Sentiment
Netflix has a news sentiment score of 0.13. 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 is a lower news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 56 news articles for Netflix this week, compared to 37 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 115 reddit mentions for Netflix this week, compared to 54 mentions on an average week.
Search Interest
146 people have searched for NFLX on MarketBeat in the last 30 days. This is an increase of 24% compared to the previous 30 days.
MarketBeat Follows
Only 70 people have added Netflix to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Netflix insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.39% of the stock of Netflix is held by insiders.
Percentage Held by Institutions
75.52% of the stock of Netflix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Netflix are expected to grow by 10.27% in the coming year, from $10.03 to $11.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Netflix is 20.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Netflix is 20.93, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.26.
Price to Earnings Growth Ratio
Netflix has a PEG Ratio of 1.67. 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 6.59. 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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NFLX Stock News Headlines

September 26, 2022 | marketbeat.com

Comcast is an Asset Bonanza Priced Cheap (NFLX)

Global media and communications company Comcast (NASDAQ: CMCSA) stock is down (-37%) on the year and testing its pandemic lows.

September 20, 2022 | marketbeat.com

Roku Stock is Down but Not Out (NFLX)

To say streaming platform and hardware provider Roku (NASDAQ: ROKU) stock is having a bad year down (69%) would be an understatement.

September 19, 2022 | marketbeat.com

Oracle’s Short-Term Pain Could Be Your Long-Term Gain (NFLX)

Database and cloud solutions provider Oracle (NASDAQ: ORCL) stock got smoked on its fiscal Q1 2023 earnings report. Shares were holding up relatively

September 16, 2022 | marketbeat.com

MarketBeat: Week in Review 9/12 – 9/16 (NFLX)

In volatile markets, rely on MarketBeat to keep you focused on your investment objectives. Here are some of our most popular articles from this week

September 15, 2022 | marketbeat.com

2 Reasons Netflix Might Have Just Bottomed Out

Shares of Netflix (NASDAQ: NFLX) have dropped as much as 75% in the past yer. That’s not to say there isn’t an opportunity now though.

October 2, 2022 | bloomberg.com

An Indonesian Video Service is Beating Netflix, Disney at Their Own Game - Bloomberg

October 2, 2022 | fool.com

2.2 Billion Reasons to Buy Netflix Stock - The Motley Fool

October 2, 2022 | cnet.com

Change This Netflix Setting Now to Beef Up Your Account Security - CNET

October 1, 2022 | cnbc.com

Marvel, 'Halloween', 'Big Mouth': 8 new movies and shows streaming on Disney+, Peacock and Netflix this October - CNBC

October 1, 2022 | bizjournals.com

Netflix site allows users to explore New Mexico filming locations - Albuquerque Business First - The Business Journals

October 1, 2022 | finance.yahoo.com

3 Stocks You'll Want in Your Portfolio in 2023

October 1, 2022 | seekingalpha.com

Netflix Enters Season 3: Will It Bring Good News For Investors? - Seeking Alpha

October 1, 2022 | time.com

New on Netflix October 2022: Movies, Shows to Stream - TIME

September 30, 2022 | forbes.com

The Big Backlash To Netflix's 'Blonde,' Explained - Forbes

September 30, 2022 | latimes.com

'Schitt's Creek' is leaving Netflix. Where, when to find it next - Los Angeles Times

September 30, 2022 | washingtonpost.com

What to watch on Friday: 'Entergalactic' premieres on Netflix - The Washington Post

September 30, 2022 | forbes.com

‘Blonde’ And ‘Dahmer, Netflix’s #1 Movie And Show, Both Face Exploitation Claims - Forbes

September 30, 2022 | americanbankingnews.com

Netflix (NASDAQ:NFLX) Upgraded to Overweight at Atlantic Securities

September 29, 2022 | marketwatch.com

What's Worth Streaming: From ‘Derry Girls’ to ‘The White Lotus,’ here’s what’s worth streaming in October 2022

September 29, 2022 | seekingalpha.com

Netflix Stock: Fascinating Turn (NASDAQ:NFLX) - Seeking Alpha

September 29, 2022 | forbes.com

What Does Netflix Series, Partner Track Offer From An Inclusive Leadership Education Standpoint? - Forbes

September 28, 2022 | finance.yahoo.com

These 2 Nasdaq Stocks Led Markets Higher Wednesday

September 28, 2022 | cnbc.com

Netflix gets upgrade at Atlantic Equities, which says ad-supported subscriber tier can boost stock by 26% - CNBC

September 28, 2022 | fool.com

Why Netflix Stock Charged Higher Wednesday Morning - The Motley Fool

September 28, 2022 | nytimes.com

Here Are Three Netflix Cartoons You Should Be Watching - The New York Times

See More Headlines

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NFLX Company Calendar

Last Earnings: 7/19/2022
Today: 10/02/2022
Next Earnings (Confirmed): 10/18/2022
Fiscal Year End: 12/31/2022

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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: 11,300
Year Founded: 1997

Price Target and Rating

Average Stock Price Forecast: $295.87
High Stock Price Forecast: $730.00
Low Stock Price Forecast: $157.00
Forecasted Upside/Downside: +25.7%
Consensus Rating: Hold
Rating Score (0-4): 2.18
Research Coverage: 39 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.25
Trailing P/E Ratio: 20.93
Forward P/E Ratio: 23.47
P/E Growth: 1.67
Net Income: $5.12 billion
Net Margins: 16.42%
Pretax Margin: 18.74%
Return on Equity: 30.07%
Return on Assets: 11.39%

Debt

Debt-to-Equity Ratio: 0.75
Current Ratio: 1.05
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $29.70 billion
Price / Sales: 3.53
Cash Flow: $38.85 per share
Price / Cash Flow: 6.06
Book Value: $35.70 per share
Price / Book: 6.59

Miscellaneous

Outstanding Shares: 444,706,000
Free Float: 434,078,000
Market Cap: $104.70 billion
Optionable: Optionable
Beta: 1.34

Social Links

Key Executives

Mr. Wilmot Reed Hastings Jr. (Age 62)
Co-Founder, Chairman, Pres & Co-CEO
Comp: $1.09M

Mr. Theodore A. Sarandos (Age 57)
Co-CEO, Chief Content Officer & Director
Comp: $21.11M

Mr. Spencer Adam Neumann (Age 52)
Chief Financial Officer
Comp: $6.03M

Mr. Gregory K. Peters (Age 51)
COO & Chief Product Officer
Comp: $12.31M

Mr. David Hyman (Age 56)
Chief Legal Officer & Sec.
Comp: $4.74M

Ms. Rachel Whetstone (Age 54)
Chief Communications Officer
Comp: $4.75M

Mr. Kenneth A. Barker (Age 55)
VP & Chief Accounting Officer

Mr. Spencer Wang
VP of Fin., Corp. Devel. & Investor Relations

Ms. Marian Lee (Age 43)
Chief Marketing Officer

Mr. William J. Holmes (Age 52)
Global Head of Bus. Devel.

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?: 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, 20 hold ratings and 13 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.
View NFLX analyst ratings or view top-rated stocks.
What is Netflix's stock price forecast for 2022?: 39 analysts have issued 12 month price targets for Netflix's stock. Their NFLX share price forecasts range from $157.00 to $730.00. On average, they expect the company's share price to reach $295.87 in the next twelve months. This suggests a possible upside of 25.7% 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 2022?: Netflix's stock was trading at $602.44 at the beginning of 2022. Since then, NFLX stock has decreased by 60.9% and is now trading at $235.44.
View the best growth stocks for 2022 here.
When is Netflix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our NFLX earnings forecast.
How can I listen to Netflix's earnings call?: Netflix will be holding an earnings conference call on Tuesday, 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) announced its earnings results on Tuesday, July, 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.30. The Internet television network had revenue of $7.97 billion for 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 company's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $2.97 earnings per share.
Read the conference call transcript.
When did Netflix's stock split?: Shares of Netflix split on the morning of Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly issued shares were distributed to shareholders after the closing bell 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 updated its third quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (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.

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."
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 $235.44.
How much money does Netflix make?: Netflix (NASDAQ:NFLX) has a market capitalization of $104.70 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.
How many employees does Netflix have?: The company employs 11,300 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 10/3/2022 by MarketBeat.com Staff

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Netflix - NFLX Stock Forecast, Price & News

Netflix MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows