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Netflix (NFLX) Stock Forecast & Price Target

$690.65
+8.14 (+1.19%)
(As of 07/5/2024 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

Consensus Price Target

$637.34
-7.72% Downside
High Forecast$800.00
Average Forecast$637.34
Low Forecast$370.00
TypeCurrent Forecast
7/7/23 to 7/6/24
1 Month Ago
6/7/23 to 6/6/24
3 Months Ago
4/8/23 to 4/7/24
1 Year Ago
7/7/22 to 7/7/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
23 Buy rating(s)
22 Buy rating(s)
22 Buy rating(s)
24 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
12 Hold rating(s)
11 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$637.34$632.00$585.15$379.11
Forecasted Upside-7.72% Downside8.07% Upside13.59% Upside15.26% Upside

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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Netflix Stock vs. The Competition

TypeNetflixConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.61
2.55
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-7.72% Downside118.08% Upside12.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024Argus
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 Boost TargetBuy ➝ Buy$660.00 ➝ $767.00+14.29%
6/18/2024Loop Capital
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 Boost TargetBuy ➝ Buy$700.00 ➝ $750.00+10.46%
6/17/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$700.00 ➝ $700.00+4.57%
6/13/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$705.00 ➝ $707.00+8.76%
5/28/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$650.00 ➝ $700.00+8.23%
5/20/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$725.00+15.97%
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5/17/2024Benchmark
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 Boost TargetSell ➝ Sell$440.00 ➝ $450.00-26.29%
5/17/2024Rosenblatt Securities
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 Boost TargetNeutral ➝ Neutral$540.00 ➝ $554.00-9.26%
5/15/2024Jefferies Financial Group
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 Reiterated RatingBuy ➝ Buy$655.00+6.89%
5/2/2024CICC Research
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 Initiated CoverageOutperform$650.00+17.82%
4/19/2024Bank of America
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 Boost TargetBuy ➝ Buy$650.00 ➝ $700.00+25.52%
4/19/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$725.00+28.79%
4/19/2024Canaccord Genuity Group
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 DowngradeBuy ➝ Hold$720.00 ➝ $585.00-4.19%
4/19/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$490.00 ➝ $600.00-1.73%
4/19/2024Pivotal Research
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 Boost TargetBuy ➝ Buy$765.00 ➝ $800.00+31.03%
4/19/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$650.00 ➝ $726.00+18.91%
4/17/2024BMO Capital Markets
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 Reiterated RatingOutperform ➝ Outperform$638.00 ➝ $713.00+16.37%
4/16/2024Guggenheim
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 Boost TargetBuy ➝ Buy$600.00 ➝ $700.00+15.29%
4/16/2024Macquarie
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 Boost TargetOutperform ➝ Outperform$595.00 ➝ $685.00+12.82%
4/15/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold$525.00 ➝ $550.00-12.13%
4/12/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$550.00 ➝ $600.00-4.58%
4/12/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$600.00 ➝ $700.00+11.33%
4/9/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$475.00 ➝ $550.00-12.48%
4/8/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$610.00 ➝ $650.00+3.44%
4/8/2024TD Cowen
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 Boost TargetBuy ➝ Buy$600.00 ➝ $725.00+15.37%
3/25/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$555.00 ➝ $660.00+4.81%
2/27/2024UBS Group
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 Boost TargetBuy ➝ Buy$570.00 ➝ $685.00+14.45%
1/30/2024Seaport Res Ptn
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D. Joyce
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DowngradeBuy ➝ Neutral
1/25/2024DZ Bank
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 UpgradeHold ➝ Buy$600.00+10.12%
1/24/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$500.00 ➝ $565.00+14.79%
1/24/2024Redburn Atlantic
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 Boost TargetBuy$550.00 ➝ $610.00+23.94%
1/24/2024Robert W. Baird
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 Boost TargetOutperform$500.00 ➝ $600.00+21.90%
10/19/2023Truist Financial
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 UpgradeHold ➝ Buy$430.00 ➝ $465.00+34.32%
10/13/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
7/20/2023Credit Suisse Group
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 Reiterated RatingNeutral ➝ Neutral$370.00-22.53%
4/17/2023New Street Research
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 Boost TargetNeutral$320.00 ➝ $333.00+1.30%
1/26/2023Phillip Securities
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 DowngradeBuy ➝ Accumulate
1/20/2023Moffett Nathanson
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 Boost TargetMarket Perform$240.00 ➝ $250.00-20.83%
1/20/2023Cowen
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 Boost Target$405.00 ➝ $440.00+39.34%
12/29/2022Cfra
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 UpgradeSell ➝ Buy$310.00+11.96%
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12/9/2022Cowen
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 Set Target$405.00+30.54%
11/30/2022Societe Generale
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 Boost TargetSell$170.00 ➝ $215.00-23.48%
10/25/2022Daiwa Capital Markets
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 UpgradeNeutral ➝ Outperform$226.00 ➝ $330.00+16.83%
10/19/2022KGI Securities
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 UpgradeNeutral ➝ Outperform
9/28/2022Atlantic Securities
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 UpgradeNeutral ➝ Overweight$211.00 ➝ $283.00+26.14%
7/20/2022Stifel Nicolaus
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 UpgradeHold ➝ Buy$240.00 ➝ $250.00+23.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:35 PM ET.

NFLX Forecast - Frequently Asked Questions

What is Netflix's forecast for 2024?

According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Netflix is $637.34, with a high forecast of $800.00 and a low forecast of $370.00.

Should I buy or sell Netflix stock right now?

36 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There is currently 1 sell rating, 12 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NFLX shares.

Does Netflix's stock price have much upside?

According to analysts, Netflix's stock has a predicted upside of 7.74% based on their 12-month stock forecasts.

Has Netflix been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Netflix's stock had 1 upgrade and 1 downgrade by analysts.

Do Wall Street analysts like Netflix more than its competitors?

Analysts like Netflix more than other "consumer discretionary" companies. The consensus rating score for Netflix is 2.61 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how NFLX compares to other companies.


This page (NASDAQ:NFLX) was last updated on 7/6/2024 by MarketBeat.com Staff

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