Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages.
Netflix stock last closed at $465.74, down 1.74% from the previous day, and has increased 46.94% in one year. It has overperformed other stocks in the Entertainment industry by 0.46 percentage points. Netflix stock is currently +70.34% from its 52-week low of $273.41, and -3.97% from its 52-week high of $485.00.
At the moment, there are 437.68M NFLX shares outstanding. The market value of NFLX is $203.84B. In the last 24 hours, 4.2M NFLX shares were traded.
You will need an online brokerage account in order to access the NASDAQ market and buy NFLX stock.
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Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy NFLX today.
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After you have selected the best place to buy Netflix stock, it's critical to evaluate their stock before you buy, so you actually comprehend the risk as well as the upside.
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on NFLX's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge NFLX's fair value.
Using relative valuations metrics:
You can access additional valuation analysis on NFLX's stock here.
Out of 26 Wall Street analysts who give ratings on NFLX, the consensus analyst rating on Netflix is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Benjamin Swinburne, a top 7% analyst from Morgan Stanley upgrades NFLX to a strong buy rating and raises their NFLX price target from $430.00 to $475.00, on Oct 19, 2023.
Morgan Stanley's Benjamin Swinburne upgraded their rating on Netflix (NASDAQ: NFLX) from Hold to Strong Buy on 2023/10/19. The analyst also raised their price target by 10.5% from $430 to $475.
Swinburne explained their upgraded rating and hiked price target by saying that "Morgan Stanley's prior view was based on concerns that consensus expectations for Netflix's new growth drivers - paid sharing and advertising - were too high."
After climbing to $475 post Q2's print in 2023/07, the analyst noted that both of those estimates and the stock's price have declined, "and sentiment around the advertising opportunity, in particular, has soured.
"Against investors' rising anxiety and the falling stock price," a read of Netflix's Q3 2023 earnings report indicates that the company's business has been accelerating, the paid-sharing initiative is working, and competitors have pulled back," Swinburne said.
Morgan Stanley has regained confidence that "Netflix will deliver the objectives it set out a year ago, i.e., accelerating revenue growth back to double digits and expand margins," the analyst added.
For Q3 2023, Netflix reported:
For Q4 2023, management guided:
For FY 2023:
For FY 2024:
In its Letter to Shareholders, Netflix management noted: "The last six months have been challenging for our industry given the combined writers and actors strikes in the US.
"While we have reached an agreement with the WGA, negotiations with SAG-AFTRA are ongoing.
"We’re committed to resolving the remaining issues as quickly as possible so everyone can return to work making movies and TV shows that audiences will love."
Barton Crockett, a top 24% analyst from Rosenblatt maintains NFLX with a hold rating and raises their NFLX price target from $400.00 to $404.00, on Oct 19, 2023.
Justin Patterson, a bottom 13% analyst from KeyBanc upgrades NFLX to a strong buy rating and announces their NFLX price target of $510.00, on Oct 19, 2023.
Matthew Harrigan, a bottom 3% analyst from Benchmark reiterates NFLX with a strong sell rating and maintains their NFLX price target from $325.00 to $325.00, on Oct 16, 2023.
Matt Farrell, a top 17% analyst from Piper Sandler maintains NFLX with a hold rating and lowers their NFLX price target from $440.00 to $400.00, on Oct 11, 2023.
You can dive deeper into what analysts are projecting on the Netflix stock forecast page.
Last year, NFLX earnings were $4.53B. Over the past 5 year, NFLX's earnings have gone up by 28.69% per year. This was faster than the Entertainment industry average of 4.88%.
Last year, NFLX revenue was $32.74B. During the last five year, NFLX's revenue has increased by 17.06% per year. This was faster than the Entertainment industry average of 12.91%.
Find out more about NFLX's earnings and revenue performance here.
In the last 12 months, insiders at NFLX have sold more shares than they have bought.
Richard N. Barton, Director of NFLX, was the latest NFLX insider to sell. They sold $217,500.00 worth of NFLX shares on Nov 8, 2023.
Get more info about who owns NFLX stock here.
No, Netflix doesn't provide an income stream by paying out dividends.
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