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Netflix (NFLX) Stock Price, News & Analysis

$607.33
-6.20 (-1.01%)
(As of 04:38 PM ET)
Today's Range
$601.59
$615.00
50-Day Range
$482.95
$629.24
52-Week Range
$315.62
$634.39
Volume
3.68 million shs
Average Volume
4.55 million shs
Market Capitalization
$262.83 billion
P/E Ratio
50.57
Dividend Yield
N/A
Price Target
$583.18

Netflix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
3.6% Downside
$583.18 Price Target
Short Interest
Healthy
1.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.45mentions of Netflix in the last 14 days
Based on 82 Articles This Week
Insider Trading
Selling Shares
$151.30 M Sold Last Quarter
Proj. Earnings Growth
22.57%
From $17.01 to $20.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Consumer Discretionary Sector

54th out of 274 stocks

Video Tape Rental Industry

1st out of 3 stocks

NFLX stock logo

About Netflix Stock (NASDAQ:NFLX)

Netflix is a digital technology and media company and company that put streaming on the map. Begun as an easy way to get DVDs through the mail, Netflix ended the era begun by Blockbuster and ushered in a new age with the advent of streaming media. Today, the company provides a complete range of digitized media content and its services are available through most types of media devices. Netflix, Inc. is headquartered in Los Gatos, California, and went public in 2002.

Netflix was founded on August 29, 1997, by partners Reed Hastings and Marc Randolph. The two met after their previous projects merged together and came up with the idea while carpooling to work. The idea was to find a category of goods akin to Amazon’s dominance with books and make them available over the Internet in a similar fashion.

The pair had already discounted the idea of renting VHS tapes over the mail when they heard about DVDs which first became available in 1997. After a test run to be sure a DVD could be mailed and delivered intact, the pair jumped into the multi-billion dollar movie rental business head first. Along the way, the company will make many innovations including a tool that makes personalized movie suggestions for each member. In 2006 membership will top 5 million then later, in 2007, the company will enter the streaming market where it will quickly dominate too.

Netflix entered the original content market in 2012 with the release of Hemlock Grove. Hemlock Grove is a supernatural drama that was followed up by Orange Is The New Black. Orange Is The New Black was a groundbreaking series for viewers and led to a series of other successes including Stranger Things. In March 2021 Netflix Studios was the most nominated at the Academy Awards.

Today the company has approximately 222 million paid members in 190 countries and offers services in more than 62 languages. Subscribers can choose from a variety of plans but all include unlimited access to all the content on the site. The difference in plans is in how many screens or devices can be used at a single time which allows subscription-sharing among family and friends.

The company has also moved on from a pure-play on rentals to making its own content and has a growing portfolio of brands to its credit. At one point in the company’s evolution, Jeff Bezos offered to acquire the company for Amazon for about $15 million but Hastings turned him down. The company was valued at a market cap of $99.42 BILLION in late 2022.

NFLX Stock Price History

NFLX Stock News Headlines

How Chinese science fiction went from underground magazines to a big-budget Netflix show
For a few days in October 2023, the capital of the science fiction world was Chengdu, China
$25,000 into $109,616 in two months?
Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…
How Chinese science fiction went from underground magazines to a Netflix blockbuster
For a few days in October 2023, the capital of the science fiction world was Chengdu, China
A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Video tape rental
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:NFLX
CUSIP
64110L10
Employees
13,000
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$583.18
High Stock Price Target
$725.00
Low Stock Price Target
$333.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
35 Analysts

Profitability

Net Income
$5.41 billion
Pretax Margin
18.40%

Debt

Sales & Book Value

Annual Sales
$33.72 billion
Cash Flow
$44.41 per share
Book Value
$47.57 per share

Miscellaneous

Free Float
422,157,000
Market Cap
$262.15 billion
Optionable
Optionable
Beta
1.22

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Should I Buy Netflix Stock? NFLX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Netflix was last updated on Monday, March 25, 2024 at 11:40 AM.

Pros

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

  • Netflix's strong position in the streaming industry with a vast library of TV series, documentaries, feature films, and games across various genres and languages.
  • Continuous innovation in content creation and delivery, keeping subscribers engaged and attracting new customers.
  • Global presence in approximately 190 countries, providing a broad market reach for expansion and growth opportunities.
  • Ability to adapt to changing consumer preferences and technological advancements, ensuring relevance in a dynamic market.
  • Current stock price trends showing positive momentum, indicating potential for capital appreciation.

Cons

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

  • Intense competition in the streaming industry leading to pricing pressures and the need for continuous investment in content creation.
  • Dependency on subscriber growth and retention, making the company vulnerable to fluctuations in consumer demand and preferences.
  • Regulatory challenges and content licensing issues in different regions impacting the company's operations and profitability.
  • Potential impact of economic downturns on discretionary spending, affecting subscriber numbers and revenue growth.
  • Risks associated with technological disruptions and cybersecurity threats affecting service delivery and customer trust.

NFLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Netflix stock right now?

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NFLX shares.
View NFLX analyst ratings
or view top-rated stocks.

What is Netflix's stock price target for 2024?

35 Wall Street research analysts have issued 12-month target prices for Netflix's shares. Their NFLX share price targets range from $333.00 to $725.00. On average, they anticipate the company's stock price to reach $583.18 in the next year. This suggests that the stock has a possible downside of 3.6%.
View analysts price targets for NFLX
or view top-rated stocks among Wall Street analysts.

How have NFLX shares performed in 2024?

Netflix's stock was trading at $486.88 at the start of the year. Since then, NFLX stock has increased by 24.3% and is now trading at $605.04.
View the best growth stocks for 2024 here
.

When is Netflix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our NFLX earnings forecast
.

How can I listen to Netflix's earnings call?

Netflix will be holding an earnings conference call on Thursday, April 18th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Netflix's earnings last quarter?

Netflix, Inc. (NASDAQ:NFLX) issued its quarterly earnings data on Tuesday, January, 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by $0.09. The Internet television network earned $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a trailing twelve-month return on equity of 24.76%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share.
Read the conference call transcript
.

When did Netflix's stock split?

Netflix's stock split before market open on Wednesday, July 15th 2015. The 7-1 split was announced on Tuesday, June 23rd 2015. The newly issued shares were payable to shareholders after the market closes on Tuesday, July 14th 2015. An investor that had 100 shares of stock prior to the split would have 700 shares after the split.

What guidance has Netflix issued on next quarter's earnings?

Netflix issued an update on its first quarter 2024 earnings guidance on Tuesday, January, 23rd. The company provided EPS guidance of 4.490-4.490 for the period, compared to the consensus EPS estimate of 4.100. The company issued revenue guidance of $9.2 billion-$9.2 billion, compared to the consensus revenue estimate of $9.3 billion.

What is Reed Hastings' approval rating as Netflix's CEO?

676 employees have rated Netflix Chief Executive Officer Reed Hastings on Glassdoor.com. Reed Hastings has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Netflix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Netflix investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Walt Disney (DIS), Advanced Micro Devices (AMD), Alphabet (GOOG), Boeing (BA), Micron Technology (MU), Salesforce (CRM) and PayPal (PYPL).

Who are Netflix's major shareholders?

Netflix's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.42%), Price T Rowe Associates Inc. MD (2.73%), Capital World Investors (2.71%), Capital International Investors (2.05%), Capital Research Global Investors (1.58%) and Jennison Associates LLC (1.26%). Insiders that own company stock include Ann Mather, David A Hyman, Gregory K Peters, Jay C Hoag, Jay C Hoag, Reed Hastings, Richard N Barton, Spencer Adam Neumann, Theodore A Sarandos, Theodore A Sarandos and Timothy M Haley.
View institutional ownership trends
.

How do I buy shares of Netflix?

Shares of NFLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Netflix have any subsidiaries?
The following companies are subsidiares of Netflix: Boss Fight Entertainment, Millarworld, Netflix Entretenimento Brasil LTDA, Netflix G.K., Netflix Global LLC, Netflix International B.V., Netflix México S. de R.L. de C.V., Netflix Pte. Ltd, Netflix Services France S.A.S., Netflix Services UK Limited, Netflix Servicios de Transmisión España S.L., Netflix Studios LLC, Next Games, Night School Studio, Scanline VFX, StoryBots, and The Roald Dahl Story.
Read More
This page (NASDAQ:NFLX) was last updated on 3/28/2024 by MarketBeat.com Staff

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