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Netflix (NFLX) Stock Forecast, Price Target & Predictions

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NFLX Stock Forecast

Netflix stock forecast is as follows: an average price target of $608.20 (represents a -31.19% downside from NFLX’s last price of $883.85) and a rating consensus of 'Buy', based on 47 wall street analysts offering a 1-year stock forecast.

NFLX Price Target

The average price target for Netflix (NFLX) is $608.20 based on 1-year price targets from 47 Wall Street analysts in the past 3 months, with a price target range of $925.00 to $162.00. This represents a potential -31.19% downside from NFLX's last price of $883.85.

NFLX Analyst Ratings

Buy

According to 47 Wall Street analysts, Netflix's rating consensus is 'Buy'. The analyst rating breakdown for NFLX stock is 1 'Strong Buy' (2.13%), 26 'Buy' (55.32%), 17 'Hold' (36.17%), 3 'Sell' (6.38%), and 0 'Strong Sell' (0.00%).

Netflix Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Michael MorrisGuggenheim$825.00$749.1210.13%-6.66%
Oct 21, 2024Joseph BonnerArgus Research$840.00$759.1910.64%-4.96%
Oct 18, 2024Jason HelfsteinOppenheimer$825.00$687.6519.97%-6.66%
Oct 18, 2024Brian PitzBMO Capital$825.00$687.6519.97%-6.66%
Oct 18, 2024James HeaneyJefferies$800.00$687.6516.34%-9.49%
Oct 18, 2024Barton CrockettRosenblatt Securities$680.00$687.65-1.11%-23.06%
Oct 18, 2024Eric SheridanGoldman Sachs$750.00$687.659.07%-15.14%
Oct 18, 2024Maria RippsCanaccord Genuity$760.00$687.6510.52%-14.01%
Oct 18, 2024Benjamin SwinburneMorgan Stanley$830.00$687.6520.70%-6.09%
Oct 18, 2024Laurent YoonBernstein$780.00$687.6513.43%-11.75%
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The latest Netflix stock forecast, released on Oct 29, 2024 by Michael Morris from Guggenheim, set a price target of $825.00, which represents a 10.13% increase from the stock price at the time of the forecast ($749.12), and a -6.66% decrease from NFLX last price ($883.85).

Netflix Price Target by Period

1M3M12M
# Anlaysts22572
Avg Price Target$832.50$784.16$693.15
Last Closing Price$883.85$883.85$883.85
Upside/Downside-5.81%-11.28%-21.58%

In the current month, the average price target of Netflix stock is $832.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -5.81% decrease as opposed to Netflix's last price of $883.85. This month's average price target is up 6.16% compared to last quarter, and up 20.10% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024WedbushOutperformOutperformHold
Oct 18, 2024JefferiesBuyBuyHold
Oct 18, 2024Seaport GlobalNeutralNeutralHold
Oct 18, 2024Canaccord GenuityHoldHoldHold
Oct 18, 2024Wolfe ResearchOutperformOutperformHold
Oct 18, 2024BarclaysUnderweightUnderweightHold
Oct 18, 2024BMO CapitalOutperformOutperformHold
Oct 18, 2024BernsteinMarket PerformMarket PerformHold
Oct 18, 2024Pivotal ResearchBuyBuyHold
Oct 17, 2024Piper SandlerOverweightOverweightHold
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Netflix's last stock rating was published by Wedbush on Oct 18, 2024. The company gave NFLX a "Outperform" rating, the same as its previous rate.

Netflix Financial Forecast

Netflix Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue--------------------$8.83B$8.54B$8.19B$8.16B$7.85B$7.93B$7.97B$7.87B$7.71B$7.48B
Avg Forecast$15.13B$14.59B$14.13B$14.00B$14.00B$13.56B$13.15B$13.06B$12.30B$12.05B$11.74B$11.64B$11.38B$11.04B$10.79B$10.59B$10.14B$9.77B$9.53B$9.28B$8.72B$8.54B$8.29B$8.18B$7.86B$7.84B$8.03B$7.93B$7.71B$7.48B
High Forecast$15.54B$14.99B$14.51B$14.38B$14.38B$13.93B$13.51B$13.42B$12.63B$12.37B$12.06B$11.95B$11.69B$11.34B$11.08B$10.87B$10.41B$9.77B$9.53B$9.28B$8.79B$8.77B$8.51B$8.40B$8.07B$7.84B$8.03B$7.93B$7.71B$7.48B
Low Forecast$14.92B$14.39B$13.93B$13.80B$13.80B$13.37B$12.97B$12.88B$12.12B$11.88B$11.58B$11.48B$11.22B$10.89B$10.64B$10.38B$10.07B$9.77B$9.53B$9.28B$8.59B$8.42B$8.17B$8.06B$7.75B$7.84B$8.03B$7.93B$7.71B$7.48B
# Analysts555566669999555122211132122151111161010181113
Surprise %--------------------1.01%1.00%0.99%1.00%1.00%1.01%0.99%0.99%1.00%1.00%

Netflix's average Quarter revenue forecast for Mar 24 based on 21 analysts is $9.28B, with a low forecast of $9.28B, and a high forecast of $9.28B. NFLX's average Quarter revenue forecast represents a 5.03% increase compared to the company's last Quarter revenue of $8.83B (Dec 23).

Netflix EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555122211132122151111161010181113
EBITDA--------------------$1.50B$1.92B$1.83B$5.26B$4.59B$5.53B$5.14B$5.41B$4.55B$4.88B
Avg Forecast$9.50B$9.16B$8.87B$8.79B$8.79B$8.51B$8.26B$8.20B$7.72B$7.56B$7.37B$7.31B$7.14B$6.93B$6.77B$6.65B$6.36B$6.13B$5.98B$5.86B$5.48B$5.36B$5.20B$5.33B$2.08B$4.92B$5.04B$4.21B$4.84B$4.70B
High Forecast$9.75B$9.41B$9.11B$9.03B$9.02B$8.74B$8.48B$8.42B$7.93B$7.77B$7.57B$7.50B$7.34B$7.12B$6.95B$6.82B$6.53B$6.13B$5.98B$7.03B$5.52B$5.50B$5.34B$6.39B$2.50B$4.92B$5.04B$5.05B$4.84B$4.70B
Low Forecast$9.36B$9.03B$8.74B$8.66B$8.66B$8.39B$8.14B$8.09B$7.61B$7.46B$7.27B$7.20B$7.04B$6.84B$6.68B$6.52B$6.32B$6.13B$5.98B$4.69B$5.39B$5.28B$5.13B$4.26B$1.66B$4.92B$5.04B$3.37B$4.84B$4.70B
Surprise %--------------------0.27%0.36%0.35%0.99%2.21%1.12%1.02%1.28%0.94%1.04%

21 analysts predict NFLX's average Quarter EBITDA for Mar 24 to be $5.86B, with a high of $7.03B and a low of $4.69B. This is 291.62% upper than Netflix's previous annual EBITDA (Dec 23) of $1.50B.

Netflix Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555122211132122151111161010181113
Net Income--------------------$937.84M$1.68B$1.87B$1.31B$55.28M$1.40B$1.44B$1.60B$607.43M$1.45B
Avg Forecast$3.86B$4.06B$3.65B$3.72B$3.47B$3.68B$3.29B$3.37B$2.59B$3.17B$2.93B$2.99B$2.26B$2.85B$2.63B$2.64B$1.84B$2.24B$2.08B$1.73B$970.61M$1.53B$1.25B$1.57B$277.86M$940.15M$1.30B$1.24B$365.68M$1.13B
High Forecast$4.00B$4.21B$3.78B$3.85B$3.59B$3.81B$3.41B$3.49B$2.68B$3.28B$3.03B$3.09B$2.34B$2.95B$2.73B$2.74B$1.89B$2.25B$2.08B$2.08B$1.09B$1.58B$1.29B$1.89B$333.43M$940.15M$1.30B$1.49B$365.68M$1.13B
Low Forecast$3.79B$3.99B$3.59B$3.65B$3.41B$3.61B$3.23B$3.31B$2.54B$3.12B$2.88B$2.93B$2.22B$2.80B$2.58B$2.55B$1.71B$2.23B$2.08B$1.38B$869.14M$1.50B$1.23B$1.26B$222.29M$940.15M$1.30B$994.95M$365.68M$1.13B
Surprise %--------------------0.97%1.10%1.50%0.83%0.20%1.49%1.11%1.28%1.66%1.28%

Netflix's average Quarter net income forecast for Mar 24 is $1.73B, with a range of $1.38B to $2.08B. NFLX's average Quarter net income forecast represents a 84.53% increase compared to the company's last Quarter net income of $937.84M (Dec 23).

Netflix SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555122211132122151111161010181113
SG&A--------------------$1.36B$1.04B$1.03B$956.29M$1.22B$941.17M$984.26M$953.91M$1.19B$957.74M
Avg Forecast$2.12B$2.04B$1.98B$1.96B$1.96B$1.90B$1.84B$1.83B$1.72B$1.69B$1.64B$1.63B$1.59B$1.55B$1.51B$1.48B$1.42B$1.37B$1.33B$1.03B$1.22B$1.20B$1.16B$939.47M$544.58M$1.10B$1.12B$742.66M$1.08B$1.05B
High Forecast$2.18B$2.10B$2.03B$2.01B$2.01B$1.95B$1.89B$1.88B$1.77B$1.73B$1.69B$1.67B$1.64B$1.59B$1.55B$1.52B$1.46B$1.37B$1.33B$1.24B$1.23B$1.23B$1.19B$1.13B$653.50M$1.10B$1.12B$891.19M$1.08B$1.05B
Low Forecast$2.09B$2.01B$1.95B$1.93B$1.93B$1.87B$1.82B$1.80B$1.70B$1.66B$1.62B$1.61B$1.57B$1.52B$1.49B$1.45B$1.41B$1.37B$1.33B$826.73M$1.20B$1.18B$1.14B$751.57M$435.67M$1.10B$1.12B$594.13M$1.08B$1.05B
Surprise %--------------------1.11%0.87%0.89%1.02%2.25%0.86%0.88%1.28%1.10%0.91%

Netflix's average Quarter SG&A projection for Mar 24 is $1.03B, based on 21 Wall Street analysts, with a range of $826.73M to $1.24B. The forecast indicates a -23.78% fall compared to NFLX last annual SG&A of $1.36B (Dec 23).

Netflix EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts555566669999555122211132122151111161010181113
EPS--------------------$2.15$3.80$4.22$2.93$0.12$3.14$3.24$3.60$1.37$3.27
Avg Forecast$8.81$9.28$8.34$8.48$7.92$8.40$7.52$7.69$5.91$7.25$6.69$6.82$5.16$6.52$6.01$6.04$4.21$5.12$4.74$4.52$2.22$3.49$2.85$2.86$0.55$2.14$2.95$2.90$0.83$2.57
High Forecast$9.12$9.61$8.63$8.78$8.20$8.70$7.78$7.96$6.11$7.50$6.93$7.06$5.34$6.75$6.22$6.27$4.32$5.13$4.74$4.53$2.48$3.61$2.96$2.96$0.57$2.14$2.95$2.90$0.83$2.57
Low Forecast$8.65$9.11$8.19$8.33$7.78$8.25$7.38$7.55$5.80$7.11$6.57$6.70$5.06$6.40$5.90$5.82$3.91$5.10$4.74$4.52$1.98$3.43$2.80$2.81$0.54$2.14$2.95$2.90$0.83$2.57
Surprise %--------------------0.97%1.09%1.48%1.03%0.22%1.47%1.10%1.24%1.65%1.27%

According to 21 Wall Street analysts, Netflix's projected average Quarter EPS for Mar 24 is $4.52, with a low estimate of $4.52 and a high estimate of $4.53. This represents a 110.44% increase compared to NFLX previous annual EPS of $2.15 (Dec 23).

Netflix Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WBDWarner Bros. Discovery$9.95$17.1372.16%Buy
ROKURoku$68.71$110.0360.14%Buy
PARAParamount Global$10.58$16.1252.36%Hold
DISWalt Disney Company$114.26$135.6118.69%Buy
AMCAMC Entertainment$4.44$4.685.41%Hold
NFLXNetflix$883.85$608.20-31.19%Buy

NFLX Forecast FAQ

Is Netflix a good buy?

Yes, according to 47 Wall Street analysts, Netflix (NFLX) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 26 'Buy' recommendations, accounting for 57.45% of NFLX's total ratings.

What is NFLX's price target?

Netflix (NFLX) average price target is $608.2 with a range of $162 to $925, implying a -31.19% from its last price of $883.85. The data is based on 47 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Netflix stock go up soon?

According to Wall Street analysts' prediction for NFLX stock, the company can go down by -31.19% (from the last price of $883.85 to the average price target of $608.2), up by 4.66% based on the highest stock price target, and down by -81.67% based on the lowest stock price target.

Can Netflix stock reach $1.3K?

NFLX's average twelve months analyst stock price target of $608.2 does not support the claim that Netflix can reach $1.3K in the near future.

What is Netflix's current price target trend?

2 Wall Street analysts forecast a $832.5 price target for Netflix (NFLX) this month, down -5.81% from its last price of $883.85. Compared to the last 3 and 12 months, the average price target decreased by -11.28% and decreased by -21.58%, respectively.

What are Netflix's analysts' financial forecasts?

Netflix's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $53.77B (high $55.23B, low $53.03B), average EBITDA is $33.75B (high $34.67B, low $33.28B), average net income is $13.81B (high $14.29B, low $13.56B), average SG&A $7.53B (high $7.73B, low $7.42B), and average EPS is $31.53 (high $32.64, low $30.96). NFLX's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $57.85B (high $59.42B, low $57.04B), average EBITDA is $36.31B (high $37.29B, low $35.81B), average net income is $15.29B (high $15.83B, low $15.01B), average SG&A $8.1B (high $8.32B, low $7.99B), and average EPS is $34.92 (high $36.15, low $34.29).

Did the NFLX's actual financial results beat the analysts' financial forecasts?

Based on Netflix's last annual report (Dec 2023), the company's revenue was $33.72B, which missed the average analysts forecast of $33.73B by -0.01%. Apple's EBITDA was $6.95B, missing the average prediction of $21.36B by -67.45%. The company's net income was $5.41B, beating the average estimation of $5.32B by 1.62%. Apple's SG&A was $4.38B, missing the average forecast of $4.52B by -3.06%. Lastly, the company's EPS was $12.25, beating the average prediction of $11.42 by 7.28%. In terms of the last quarterly report (Dec 2023), Netflix's revenue was $8.83B, beating the average analysts' forecast of $8.72B by 1.26%. The company's EBITDA was $1.5B, missing the average prediction of $5.48B by -72.68%. Netflix's net income was $937.84M, missing the average estimation of $970.61M by -3.38%. The company's SG&A was $1.36B, beating the average forecast of $1.22B by 11.02%. Lastly, the company's EPS was $2.15, missing the average prediction of $2.22 by -3.00%