Netflix, Inc. (NFLX)
NASDAQ: NFLX · IEX Real-Time Price · USD
555.04
-55.52 (-9.09%)
At close: Apr 19, 2024, 4:00 PM
551.45
-3.59 (-0.65%)
After-hours: Apr 19, 2024, 7:59 PM EDT
Stock Price Forecast
The 32 analysts with 12-month price forecasts for Netflix stock have an average target of 623.56, with a low estimate of 370 and a high estimate of 800. The average target predicts an increase of 12.35% from the current stock price of 555.04.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $370 | $623.56 | $660 | $800 |
| Change | -33.34% | +12.35% | +18.91% | +44.13% |
Analyst Ratings
The average analyst rating for Netflix stock from 34 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 13 | 13 | 10 | 10 | 10 | 11 |
| Buy | 10 | 8 | 10 | 10 | 10 | 10 |
| Hold | 12 | 12 | 13 | 13 | 13 | 12 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 2 | 1 | 1 | 1 | 1 | 1 |
| Total | 37 | 34 | 34 | 34 | 34 | 34 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $640 → $650 | Buy | Maintains | $640 → $650 | +17.11% | Apr 19, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $650 → $700 | Strong Buy | Maintains | $650 → $700 | +26.12% | Apr 19, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $725 | Buy | Maintains | $725 | +30.62% | Apr 19, 2024 |
| Wedbush | Wedbush | Buy Reiterates $725 | Buy | Reiterates | $725 | +30.62% | Apr 19, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $650 → $726 | Buy | Maintains | $650 → $726 | +30.80% | Apr 19, 2024 |
Financial Forecast
Revenue This Year
Increased by 16.79%
from 33.72B
Revenue Next Year
44.21B
from 39.38B
Increased by 12.25%
from 39.38B
EPS This Year
17.52
from 12.03
Increased by 45.64%
from 12.03
EPS Next Year
21.65
from 17.52
Increased by 23.55%
from 17.52
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.16B | 25.00B | 29.70B | 31.62B | 33.72B | 39.38B | 44.21B | 48.46B | 51.05B | 56.01B |
| Revenue Growth | 27.62% | 24.01% | 18.81% | 6.46% | 6.67% | 16.79% | 12.25% | 9.60% | 5.36% | 9.71% |
| EPS | 4.13 | 6.08 | 11.24 | 9.95 | 12.03 | 17.52 | 21.65 | 25.83 | 27.06 | 33.44 |
| EPS Growth | 54.10% | 47.22% | 84.87% | -11.48% | 20.90% | 45.64% | 23.55% | 19.32% | 4.75% | 23.58% |
| No. Analysts | - | - | - | - | - | 46 | 44 | 28 | 9 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 41.9B | 48.5B | 53.5B | 54.0B | 58.8B |
| Avg | 39.4B | 44.2B | 48.5B | 51.1B | 56.0B |
| Low | 37.1B | 40.4B | 44.0B | 46.4B | 51.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.3% | 23.2% | 21.1% | 11.4% | 15.2% |
| Avg | 16.8% | 12.3% | 9.6% | 5.4% | 9.7% |
| Low | 10.0% | 2.7% | -0.5% | -4.3% | 1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.32 | 26.30 | 30.14 | 30.53 | 35.52 |
| Avg | 17.52 | 21.65 | 25.83 | 27.06 | 33.44 |
| Low | 15.11 | 17.38 | 18.98 | 21.37 | 31.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 60.6% | 50.1% | 39.2% | 18.2% | 31.3% |
| Avg | 45.6% | 23.5% | 19.3% | 4.8% | 23.6% |
| Low | 25.6% | -0.8% | -12.3% | -17.2% | 14.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
