Netflix (NFLX) Stock Forecast, Price Target & Predictions
NFLX Stock Forecast
Netflix stock forecast is as follows: an average price target of $608.20 (represents a -19.50% downside from NFLX’s last price of $755.51) 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 -19.50% downside from NFLX's last price of $755.51.
NFLX Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | Michael Morris | Guggenheim | $825.00 | $749.12 | 10.13% | 9.20% |
| Oct 21, 2024 | Joseph Bonner | Argus Research | $840.00 | $759.19 | 10.64% | 11.18% |
| Oct 18, 2024 | Jason Helfstein | Oppenheimer | $825.00 | $687.65 | 19.97% | 9.20% |
| Oct 18, 2024 | Brian Pitz | BMO Capital | $825.00 | $687.65 | 19.97% | 9.20% |
| Oct 18, 2024 | James Heaney | Jefferies | $800.00 | $687.65 | 16.34% | 5.89% |
| Oct 18, 2024 | Barton Crockett | Rosenblatt Securities | $680.00 | $687.65 | -1.11% | -9.99% |
| Oct 18, 2024 | Eric Sheridan | Goldman Sachs | $750.00 | $687.65 | 9.07% | -0.73% |
| Oct 18, 2024 | Maria Ripps | Canaccord Genuity | $760.00 | $687.65 | 10.52% | 0.59% |
| Oct 18, 2024 | Benjamin Swinburne | Morgan Stanley | $830.00 | $687.65 | 20.70% | 9.86% |
| Oct 18, 2024 | Laurent Yoon | Bernstein | $780.00 | $687.65 | 13.43% | 3.24% |
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 9.20% increase from NFLX last price ($755.51).
Netflix Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 23 | 25 | 72 |
| Avg Price Target | $787.13 | $784.16 | $693.15 |
| Last Closing Price | $755.51 | $755.51 | $755.51 |
| Upside/Downside | 4.19% | 3.79% | -8.25% |
In the current month, the average price target of Netflix stock is $787.13, according to 23 Wall Street analysts offering twelve months forecast. The average price target represents a 4.19% increase as opposed to Netflix's last price of $755.51. This month's average price target is up 0.38% compared to last quarter, and up 13.56% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Wedbush | Outperform | Outperform | Hold |
| Oct 18, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 18, 2024 | Seaport Global | Neutral | Neutral | Hold |
| Oct 18, 2024 | Canaccord Genuity | Hold | Hold | Hold |
| Oct 18, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Oct 18, 2024 | Barclays | Underweight | Underweight | Hold |
| Oct 18, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 18, 2024 | Bernstein | Market Perform | Market Perform | Hold |
| Oct 18, 2024 | Pivotal Research | Buy | Buy | Hold |
| Oct 17, 2024 | Piper Sandler | Overweight | Overweight | Hold |
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 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 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 | $11.39B | $11.05B | $10.79B | $10.59B | $10.13B | $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 | $14.98B | $14.51B | $14.38B | $14.37B | $13.92B | $13.51B | $13.41B | $12.63B | $12.37B | $12.06B | $11.95B | $11.69B | $11.34B | $11.08B | $10.87B | $10.40B | $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 | $14.93B | $14.40B | $13.94B | $13.82B | $13.82B | $13.38B | $12.98B | $12.89B | $12.14B | $11.89B | $11.59B | $11.49B | $11.24B | $10.90B | $10.65B | $10.38B | $10.06B | $9.77B | $9.53B | $9.28B | $8.59B | $8.43B | $8.18B | $8.07B | $7.76B | $7.84B | $8.03B | $7.93B | $7.71B | $7.48B |
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 13 | 21 | 16 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 |
| 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 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 13 | 21 | 16 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 |
| 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 | $7.15B | $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 | $9.40B | $9.11B | $9.02B | $9.02B | $8.74B | $8.48B | $8.42B | $7.92B | $7.76B | $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 | $9.37B | $9.04B | $8.75B | $8.67B | $8.67B | $8.40B | $8.15B | $8.09B | $7.62B | $7.46B | $7.27B | $7.21B | $7.05B | $6.84B | $6.68B | $6.52B | $6.32B | $6.13B | $5.98B | $4.69B | $5.39B | $5.29B | $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 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 13 | 21 | 16 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 |
| 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 | $3.99B | $4.21B | $3.78B | $3.85B | $3.59B | $3.81B | $3.41B | $3.48B | $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 | $3.62B | $3.24B | $3.31B | $2.54B | $3.12B | $2.88B | $2.94B | $2.22B | $2.80B | $2.59B | $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 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 13 | 21 | 16 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 |
| 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 | $2.17B | $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 | $2.02B | $1.95B | $1.93B | $1.93B | $1.87B | $1.82B | $1.80B | $1.70B | $1.66B | $1.62B | $1.61B | $1.57B | $1.53B | $1.49B | $1.45B | $1.41B | $1.37B | $1.33B | $826.73M | $1.20B | $1.18B | $1.15B | $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 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 13 | 21 | 16 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 |
| 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 | $5.17 | $6.51 | $6.02 | $6.03 | $4.20 | $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 | $9.60 | $8.63 | $8.78 | $8.20 | $8.70 | $7.78 | $7.96 | $6.11 | $7.50 | $6.92 | $7.06 | $5.35 | $6.74 | $6.23 | $6.27 | $4.31 | $5.13 | $4.74 | $4.53 | $2.48 | $3.61 | $2.95 | $2.96 | $0.57 | $2.14 | $2.95 | $2.90 | $0.83 | $2.57 |
| Low Forecast | $8.66 | $9.12 | $8.20 | $8.34 | $7.79 | $8.26 | $7.39 | $7.56 | $5.81 | $7.12 | $6.58 | $6.71 | $5.08 | $6.40 | $5.91 | $5.82 | $3.90 | $5.10 | $4.74 | $4.52 | $1.98 | $3.43 | $2.81 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WBD | Warner Bros. Discovery | $8.17 | $17.13 | 109.67% | Buy |
| ROKU | Roku | $67.18 | $110.75 | 64.86% | Buy |
| PARA | Paramount Global | $10.87 | $16.35 | 50.41% | Buy |
| DIS | Walt Disney Company | $95.79 | $135.15 | 41.09% | Buy |
| AMC | AMC Entertainment | $4.35 | $4.68 | 7.59% | Hold |
| NFLX | Netflix | $755.51 | $608.20 | -19.50% | 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 -19.50% from its last price of $755.51. 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 -19.50% (from the last price of $755.51 to the average price target of $608.2), up by 22.43% based on the highest stock price target, and down by -78.56% based on the lowest stock price target.
Can Netflix stock reach $1.1K?
NFLX's average twelve months analyst stock price target of $608.2 does not support the claim that Netflix can reach $1.1K in the near future.
What is Netflix's current price target trend?
23 Wall Street analysts forecast a $787.13 price target for Netflix (NFLX) this month, up 4.19% from its last price of $755.51. Compared to the last 3 and 12 months, the average price target increased by 3.79% and decreased by -8.25%, 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 $55.22B, low $53.07B), average EBITDA is $33.75B (high $34.66B, low $33.31B), average net income is $13.81B (high $14.29B, low $13.57B), average SG&A $7.53B (high $7.73B, low $7.43B), and average EPS is $31.53 (high $32.63, low $30.99). NFLX's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $57.85B (high $59.4B, low $57.09B), average EBITDA is $36.31B (high $37.28B, low $35.84B), average net income is $15.29B (high $15.82B, low $15.03B), average SG&A $8.1B (high $8.32B, low $7.99B), and average EPS is $34.92 (high $36.14, low $34.32).
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%