Netflix (NFLX) Stock Forecast & Price Target

$897.79 +0.31 (+0.03%)

(As of 11/22/2024 ET)

Netflix - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 35 Analyst Ratings

Sell
2

Hold
9

Buy
24

Based on 35 Wall Street analysts who have issued ratings for Netflix in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 35 analysts, 2 have given a sell rating, 9 have given a hold rating, and 24 have given a buy rating for NFLX.

Consensus Price Target

$764.82
-14.81% Downside

According to the 35 analysts' twelve-month price targets for Netflix, the average price target is $764.82. The highest price target for NFLX is $1,100.00, while the lowest price target for NFLX is $545.00. The average price target represents a forecasted downside of -14.81% from the current price of $897.79.

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NFLX Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	24 Buy rating(s)	24 Buy rating(s)	23 Buy rating(s)	24 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$764.82	$747.70	$681.21	$441.20
Forecasted Upside	-14.81% Downside	-0.93% Downside	-1.05% Downside	-8.00% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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NFLX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NFLX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Netflix Stock vs. The Competition

Type	Netflix	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.63	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-14.81% Downside	1,212.17% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent NFLX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$800.00 ➝ $1,000.00	+13.14%
11/20/2024	Pivotal Research 3 of 5 stars		Boost Target	Buy ➝ Buy	$925.00 ➝ $1,100.00	+26.25%
11/18/2024	Wedbush 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$800.00 ➝ $950.00	+12.15%
10/29/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$810.00 ➝ $825.00	+8.58%
10/18/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Eric Sheridan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$750.00	-1.83%
10/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Supino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform
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10/18/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Venkateshwar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Underweight ➝ Underweight	$550.00 ➝ $550.00	-27.08%
10/18/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Mahaney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$750.00 ➝ $775.00	+2.75%
10/18/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$820.00 ➝ $835.00	+9.89%
10/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$770.00 ➝ $825.00	+8.82%
10/18/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$758.00 ➝ $797.00	+5.77%
10/18/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Farrell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$800.00 ➝ $840.00	+11.48%
10/18/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Maria Ripps Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$750.00 ➝ $760.00	+0.86%
10/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$625.00 ➝ $780.00	+3.51%
10/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$780.00 ➝ $800.00	+9.08%
10/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$750.00 ➝ $850.00	+15.90%
10/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Hodulik Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$750.00 ➝ $825.00	+12.49%
10/18/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Justin Patterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$760.00 ➝ $785.00	+14.16%
10/18/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Benjamin Swinburne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$820.00 ➝ $830.00	+20.70%
10/18/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Barton Crockett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$635.00 ➝ $680.00	-1.11%
10/18/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$795.00 ➝ $795.00	+15.61%
10/18/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jason Helfstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$775.00 ➝ $825.00	+19.97%
10/18/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $800.00	+16.34%
10/16/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$750.00 ➝ $800.00	+13.32%
10/15/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell ➝ Sell	$545.00 ➝ $545.00	-22.63%
10/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$590.00 ➝ $650.00	-9.94%
9/5/2024	China Renaissance Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$680.00	+0.05%
7/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$660.00 ➝ $675.00	+4.25%
7/19/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Faber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$740.00 ➝ $760.00	+17.63%
7/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$660.00 ➝ $767.00	+14.29%
5/2/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$650.00	+17.82%
1/30/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
1/25/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$600.00	+10.12%
1/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$500.00 ➝ $600.00	+21.90%
10/19/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$430.00 ➝ $465.00	+34.32%
7/20/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$370.00	-22.53%
4/17/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$320.00 ➝ $333.00	+1.30%
1/26/2023	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Accumulate
1/20/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$240.00 ➝ $250.00	-20.83%
1/20/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$405.00 ➝ $440.00	+39.34%
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12/29/2022	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Buy	$310.00	+11.96%
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		$405.00	+30.54%
11/30/2022	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$170.00 ➝ $215.00	-23.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:21 AM ET.

Should I Buy Netflix Stock? NFLX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Netflix pros and cons to contact@marketbeat.com.

Netflix
Bull Case

Here are some ways that investors could benefit from investing in Netflix, Inc.:

Strong recent earnings performance, with Netflix, Inc. reporting $5.40 earnings per share (EPS) for the latest quarter, exceeding expectations and indicating robust profitability.
Current stock price of $883.85 reflects a significant increase, showcasing investor confidence and potential for further growth.
Institutional investors hold a substantial 80.93% of the company's stock, suggesting strong market confidence and stability in ownership.
Analysts have a consensus rating of "Moderate Buy" with a price target of $758.76, indicating potential upside for investors based on market expectations.
Recent acquisitions by institutional investors, such as Segall Bryant & Hamill LLC, highlight growing interest and confidence in Netflix, Inc.'s future prospects.

Netflix
Bear Case

Investors should be bearish about investing in Netflix, Inc. for these reasons:

High valuation metrics, with a price-to-earnings (P/E) ratio of 49.36, which may indicate that the stock is overvalued compared to its earnings.
Recent insider selling, with significant shares sold by executives, which could signal a lack of confidence in the company's short-term performance.
Market volatility, as indicated by a beta of 1.25, suggests that Netflix, Inc.'s stock price may be more volatile than the overall market, posing risks for investors.
Analysts have issued two sell ratings, indicating some skepticism about the stock's future performance amidst a competitive streaming landscape.
Concerns over subscriber growth and retention in a saturated market, which could impact future revenue and profitability.

NFLX Forecast - Frequently Asked Questions

: According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Netflix is $764.82, with a high forecast of $1,100.00 and a low forecast of $545.00.
: 35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last year. There are currently 2 sell ratings, 9 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NFLX shares.
: According to analysts, Netflix's stock has a predicted downside of -14.81% based on their 12-month stock forecasts.
: Over the previous 90 days, Netflix's stock had 1 upgrade by analysts.
: Netflix has been rated by research analysts at Bank of America, Barclays, Benchmark, BMO Capital Markets, Canaccord Genuity Group, China Renaissance, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Loop Capital, Macquarie, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Pivotal Research, Rosenblatt Securities, Sanford C. Bernstein, TD Cowen, The Goldman Sachs Group, UBS Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Netflix more than other "consumer discretionary" companies. The consensus rating score for Netflix is 2.63 while the average consensus rating score for "consumer discretionary" companies is 2.56. Learn more on how NFLX compares to other companies.

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This page (NASDAQ:NFLX) was last updated on 11/24/2024 by MarketBeat.com Staff

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Netflix (NFLX) Stock Forecast & Price Target