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Netflix, Inc. (NFLX)
NASDAQ: NFLX · IEX Real-Time Price · USD
679.58
+5.97 (0.89%)
At close: Jul 2, 2024, 4:00 PM
679.95
+0.37 (0.05%)
After-hours: Jul 2, 2024, 7:59 PM EDT

Netflix Stock Forecast

Stock Price Forecast

The 33 analysts with 12-month price forecasts for Netflix stock have an average target of 630.36, with a low estimate of 370 and a high estimate of 800. The average target predicts a decrease of -7.24% from the current stock price of 679.58.

Analyst Consensus: Buy
Target Low Average Median High
Price $370 $630.36 $660 $800
Change -45.55% -7.24% -2.88% +17.72%

Analyst Ratings

The average analyst rating for Netflix stock from 35 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 101011111112
Buy 101010101010
Hold 131312121212
Sell 000000
Strong Sell 111111
Total 343434343435

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Joseph Bonner
Argus Research
 Argus Research
Strong Buy
Maintains
$660 → $767
 Strong Buy Maintains $660 → $767 +12.86% Jul 2, 2024
Alan Gould
Loop Capital
 Loop Capital
Strong Buy
Maintains
$700 → $750
 Strong Buy Maintains $700 → $750 +10.36% Jun 18, 2024
Laura Martin
Needham
 Needham
Strong Buy
Reiterates
$700
 Strong Buy Reiterates $700 +3.00% Jun 17, 2024
Justin Patterson
Keybanc
 Keybanc
Buy
Maintains
$705 → $707
 Buy Maintains $705 → $707 +4.03% Jun 13, 2024
Mark Mahaney
Evercore ISI Group
 Evercore ISI Group
Buy
Maintains
$650 → $700
 Buy Maintains $650 → $700 +3.00% May 28, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
39.50B
from 33.72B
Increased by 17.12%
Revenue Next Year
44.28B
from 39.50B
Increased by 12.10%
EPS This Year
18.79
from 12.03
Increased by 56.19%
EPS Next Year
22.75
from 18.79
Increased by 21.06%
Year 2019202020212022202320242025202620272028
Revenue
20.16B25.00B29.70B31.62B33.72B39.50B44.28B48.86B53.42B57.64B
Revenue Growth
27.62%24.01%18.81%6.46%6.67%17.12%12.10%10.36%9.33%7.90%
EPS
4.136.0811.249.9512.0318.7922.7527.0930.9735.62
EPS Growth
54.10%47.22%84.87%-11.48%20.90%56.19%21.06%19.08%14.33%15.01%
Forward PE
-----36.1729.8825.0921.9419.08
No. Analysts -----474632129
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 41.4B 46.9B 53.4B 60.1B 65.8B
Avg 39.5B 44.3B 48.9B 53.4B 57.6B
Low 37.6B 41.2B 44.5B 47.6B 50.7B

Revenue Growth

Revenue Growth 20242025202620272028
High
22.7%
18.7%
20.7%
23.0%
23.2%
Avg
17.1%
12.1%
10.4%
9.3%
7.9%
Low
11.6%
4.2%
0.5%
-2.6%
-5.1%

EPS Forecast

EPS 20242025202620272028
High 20.65 26.30 30.82 36.91 43.61
Avg 18.79 22.75 27.09 30.97 35.62
Low 16.83 19.57 21.87 24.08 26.03

EPS Growth

EPS Growth 20242025202620272028
High
71.7%
40.0%
35.5%
36.3%
40.8%
Avg
56.2%
21.1%
19.1%
14.3%
15.0%
Low
39.9%
4.2%
-3.8%
-11.1%
-16.0%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.