Netflix (NFLX) Stock Forecast & Price Target

$719.70

+12.90 (+1.83%)

(As of 10/4/2024 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 36 Analyst Ratings

Sell
1

Hold
12

Buy
23

Based on 36 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 36 analysts, 1 has given a sell rating, 12 have given a hold rating, and 23 have given a buy rating for NFLX.

Consensus Price Target

$686.03
-4.68% Downside

According to the 36 analysts' twelve-month price targets for Netflix, the average price target is $686.03. The highest price target for NFLX is $900.00, while the lowest price target for NFLX is $465.00. The average price target represents a forecasted downside of -4.68% from the current price of $719.70.

NFLX Analyst Ratings Over Time

Type	Current Forecast 10/6/23 to 10/5/24	1 Month Ago 9/6/23 to 9/5/24	3 Months Ago 7/8/23 to 7/7/24	1 Year Ago 10/6/22 to 10/6/23
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)	23 Buy rating(s)	23 Buy rating(s)	24 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)	13 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$686.03	$685.29	$637.34	$432.29
Forecasted Upside	-4.68% Downside	0.24% Upside	-7.72% Downside	13.31% Upside
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	2.61	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-4.68% Downside	1,154.13% Upside	7.01% Upside
News Sentiment Rating	Neutral 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
10/1/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$735.00 ➝ $760.00	+7.15%
9/20/2024	Rosenblatt Securities 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$635.00 ➝ $635.00	-9.62%
9/5/2024	China Renaissance 0 of 5 stars		Initiated Coverage	Hold	$680.00	+0.05%
8/30/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$800.00 ➝ $900.00	+29.97%
8/27/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$710.00 ➝ $750.00	+8.94%
7/30/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$725.00 ➝ $725.00	+15.93%
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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	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$650.00 ➝ $659.00	+4.13%
7/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$685.00 ➝ $750.00	+15.98%
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%
7/19/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$600.00 ➝ $650.00	+1.08%
7/19/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$700.00 ➝ $700.00	+8.86%
7/19/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$600.00 ➝ $625.00	-2.81%
7/17/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $735.00	+11.99%
7/16/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$685.00 ➝ $685.00	+4.94%
7/16/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$450.00 ➝ $545.00	-17.27%
7/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$655.00 ➝ $780.00	+18.82%
7/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $740.00	+11.77%
7/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$700.00 ➝ $780.00	+20.44%
7/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $750.00	+14.90%
7/9/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$725.00 ➝ $775.00	+13.02%
7/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$660.00 ➝ $767.00	+14.29%
6/18/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $750.00	+10.46%
5/20/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$725.00	+15.97%
5/2/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$650.00	+17.82%
4/19/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$720.00 ➝ $585.00	-4.19%
4/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $726.00	+18.91%
4/17/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$638.00 ➝ $713.00	+16.37%
4/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$525.00 ➝ $550.00	-12.13%
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$475.00 ➝ $550.00	-12.48%
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%
10/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
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%
10/25/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$226.00 ➝ $330.00	+16.83%
10/19/2022	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:26 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 Sunday, September 29, 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.:

Netflix, Inc. reported strong earnings per share (EPS) for the quarter, beating analyst estimates, indicating a positive financial performance.
The company's revenue growth of 16.8% compared to the same quarter last year demonstrates a healthy and expanding business.
Netflix, Inc. has a solid return on equity of 32.93%, showcasing efficient utilization of shareholder funds to generate profits.
Several analysts have given Netflix, Inc. a "buy" rating, with price targets indicating potential stock price appreciation.
Institutional investors have been increasing their stakes in Netflix, Inc., signaling confidence in the company's future prospects.

Netflix
Bear Case

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

Netflix, Inc. faces competition in the streaming industry, which could impact its market share and growth potential.
The stock price of Netflix, Inc. may be influenced by market volatility and macroeconomic factors, leading to fluctuations in investment returns.
While the company has shown revenue growth, there could be concerns about sustaining this growth rate in the long term.
Netflix, Inc. operates in a rapidly evolving industry, facing challenges from changing consumer preferences and technological advancements.
Investors need to consider the valuation of Netflix, Inc. stock relative to its earnings and growth prospects to make informed investment decisions.

NFLX Forecast - Frequently Asked Questions

: According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Netflix is $686.03, with a high forecast of $900.00 and a low forecast of $465.00.
: 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.
: According to analysts, Netflix's stock has a predicted downside of -4.68% based on their 12-month stock forecasts.
: Netflix has been rated by research analysts at Bank of America, Benchmark, China Renaissance, Citigroup, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Macquarie, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Pivotal Research, Redburn Atlantic, Rosenblatt Securities, Sanford C. Bernstein, TD Cowen, The Goldman Sachs Group, and UBS Group in the past 90 days.
: 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.

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CNBC’s ‘Prophet’ issues urgent Fed warning (Ad)

"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."

Click here now to watch this exclusive interview

This page (NASDAQ:NFLX) was last updated on 10/5/2024 by MarketBeat.com Staff

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Netflix (NFLX) Stock Forecast & Price Target