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Netflix (NFLX) Stock Forecast & Price Target

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$780.21 +16.30 (+2.13%)
(As of 11/6/2024 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

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

$748.15
-4.11% Downside
According to the 35 analysts' twelve-month price targets for Netflix, the average price target is $748.15. The highest price target for NFLX is $925.00, while the lowest price target for NFLX is $545.00. The average price target represents a forecasted downside of -4.11% from the current price of $780.21.
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NFLX Analyst Ratings Over Time

TypeCurrent Forecast
11/7/23 to 11/6/24
1 Month Ago
10/8/23 to 10/7/24
3 Months Ago
8/9/23 to 8/8/24
1 Year Ago
11/7/22 to 11/7/23
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)
10 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$748.15$691.76$681.21$441.20
Forecasted Upside-4.11% Downside-1.45% Downside8.07% Upside1.52% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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Netflix Stock vs. The Competition

TypeNetflixConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.63
2.57
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-4.11% Downside2,216.99% Upside7.32% Upside
News Sentiment Rating
Neutral News

See Recent NFLX News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/29/2024Guggenheim
3 of 5 stars
 Boost TargetBuy ➝ Buy$810.00 ➝ $825.00+8.58%
10/18/2024The Goldman Sachs Group
2 of 5 stars
Eric Sheridan
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Set Target$750.00-1.83%
10/18/2024Wolfe Research
3 of 5 stars
P. Supino
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Reiterated RatingOutperform ➝ Outperform
10/18/2024Barclays
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K. Venkateshwar
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Reiterated RatingUnderweight ➝ Underweight$550.00 ➝ $550.00-27.08%
10/18/2024Bank of America
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 Boost TargetBuy ➝ Buy$740.00 ➝ $800.00+6.06%
10/18/2024Evercore ISI
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Mark Mahaney
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Boost TargetOutperform ➝ Outperform$750.00 ➝ $775.00+2.75%
10/18/2024TD Cowen
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 Boost TargetBuy ➝ Buy$820.00 ➝ $835.00+9.89%
10/18/2024BMO Capital Markets
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 Reiterated RatingOutperform ➝ Outperform$770.00 ➝ $825.00+8.82%
10/18/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$758.00 ➝ $797.00+5.77%
10/18/2024Piper Sandler
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M. Farrell
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Reiterated RatingOverweight ➝ Overweight$800.00 ➝ $840.00+11.48%
10/18/2024Canaccord Genuity Group
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Maria Ripps
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Boost TargetHold ➝ Hold$750.00 ➝ $760.00+0.86%
10/18/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$625.00 ➝ $780.00+3.51%
10/18/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$780.00 ➝ $800.00+9.08%
10/18/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$750.00 ➝ $850.00+15.90%
10/18/2024UBS Group
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John Hodulik
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Boost TargetBuy ➝ Buy$750.00 ➝ $825.00+12.49%
10/18/2024KeyCorp
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Justin Patterson
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Boost TargetOverweight ➝ Overweight$760.00 ➝ $785.00+14.16%
10/18/2024Morgan Stanley
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Benjamin Swinburne
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Boost TargetOverweight ➝ Overweight$820.00 ➝ $830.00+20.70%
10/18/2024Rosenblatt Securities
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Barton Crockett
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Boost TargetNeutral ➝ Neutral$635.00 ➝ $680.00-1.11%
10/18/2024Macquarie
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 Reiterated RatingOutperform ➝ Outperform$795.00 ➝ $795.00+15.61%
10/18/2024Oppenheimer
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Jason Helfstein
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Boost TargetOutperform ➝ Outperform$775.00 ➝ $825.00+19.97%
10/18/2024Pivotal Research
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 Boost TargetBuy ➝ Buy$900.00 ➝ $925.00+34.52%
10/18/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$700.00 ➝ $800.00+16.34%
10/17/2024Wedbush
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 Boost TargetOverweight ➝ Overweight$725.00 ➝ $775.00+11.05%
10/16/2024Loop Capital
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 Boost TargetBuy ➝ Buy$750.00 ➝ $800.00+13.32%
10/15/2024Benchmark
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 Reiterated RatingSell ➝ Sell$545.00 ➝ $545.00-22.63%
10/9/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$590.00 ➝ $650.00-9.94%
9/5/2024China Renaissance
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 Initiated CoverageHold$680.00+0.05%
7/22/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$660.00 ➝ $675.00+4.25%
7/19/2024Redburn Atlantic
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H. Faber
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Boost TargetBuy ➝ Buy$740.00 ➝ $760.00+17.63%
7/2/2024Argus
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 Boost TargetBuy ➝ Buy$660.00 ➝ $767.00+14.29%
5/2/2024CICC Research
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 Initiated CoverageOutperform$650.00+17.82%
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%
1/24/2024Robert 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%
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%
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12/29/2022Cfra
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 UpgradeSell ➝ Buy$310.00+11.96%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:42 PM 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 Saturday, October 19, 2024. Please send any questions or comments about these Netflix pros and cons to contact@marketbeat.com.

Netflix
Bull Case

green Wall Street bull icon

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

  • Netflix, Inc. provides entertainment services including TV series, documentaries, feature films, and games across various genres and languages.
  • Members have the ability to receive streaming content through a host of internet-connected devices, expanding the reach of the company's offerings.

Netflix
Bear Case

red Wall Street bear icon

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

  • Current stock price of Netflix, Inc. may not be favorable for investors looking for immediate gains.

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 $748.15, with a high forecast of $925.00 and a low forecast of $545.00.

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. 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 -4.11% based on their 12-month stock forecasts.

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

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 2.57. Learn more on how NFLX compares to other companies.


This page (NASDAQ:NFLX) was last updated on 11/6/2024 by MarketBeat.com Staff
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