Netflix (NFLX) Stock Forecast, Price Target & Predictions
NFLX Stock Forecast
Netflix stock forecast is as follows: an average price target of $550.73 (represents a -21.96% downside from NFLX’s last price of $705.69) and a rating consensus of 'Buy', based on 45 wall street analysts offering a 1-year stock forecast.
NFLX Price Target
The average price target for Netflix (NFLX) is $550.73 based on 1-year price targets from 45 Wall Street analysts in the past 3 months, with a price target range of $770.00 to $162.00. This represents a potential -21.96% downside from NFLX's last price of $705.69.
NFLX Analyst Ratings
According to 45 Wall Street analysts, Netflix's rating consensus is 'Buy'. The analyst rating breakdown for NFLX stock is 1 'Strong Buy' (2.22%), 26 'Buy' (57.78%), 16 'Hold' (35.56%), 2 'Sell' (4.44%), 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 |
|---|---|---|---|---|---|---|
| Sep 13, 2024 | Doug Anmuth | J.P. Morgan | $750.00 | $697.06 | 7.59% | 6.28% |
| Aug 27, 2024 | Mark Mahaney | Evercore ISI | $750.00 | $688.44 | 8.94% | 6.28% |
| Jul 19, 2024 | Barton Crockett | Rosenblatt Securities | $635.00 | $633.34 | 0.26% | -10.02% |
| Jul 19, 2024 | Brian Pitz | BMO Capital | $770.00 | $648.20 | 18.79% | 9.11% |
| Jul 19, 2024 | Tim Nollen | Macquarie | $695.00 | $637.26 | 9.06% | -1.51% |
| Jul 19, 2024 | John Hodulik | UBS | $750.00 | $643.04 | 16.63% | 6.28% |
| Jul 19, 2024 | Matt Farrell | Piper Sandler | $650.00 | $643.04 | 1.08% | -7.89% |
| Jul 19, 2024 | Hamilton Faber | Redburn Partners | $760.00 | $643.04 | 18.19% | 7.70% |
| Jul 18, 2024 | Michael Morris | Guggenheim | $735.00 | $640.78 | 14.70% | 4.15% |
| Jul 15, 2024 | Michael Nathanson | MoffettNathanson | $565.00 | $647.60 | -12.75% | -19.94% |
The latest Netflix stock forecast, released on Sep 13, 2024 by Doug Anmuth from J.P. Morgan, set a price target of $750.00, which represents a 7.59% increase from the stock price at the time of the forecast ($697.06), and a 6.28% increase from NFLX last price ($705.69).
Netflix Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 13 | 63 |
| Avg Price Target | $750.00 | $709.77 | $606.75 |
| Last Closing Price | $705.69 | $705.69 | $705.69 |
| Upside/Downside | 6.28% | 0.58% | -14.02% |
In the current month, the average price target of Netflix stock is $750.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 6.28% increase as opposed to Netflix's last price of $705.69. This month's average price target is up 5.67% compared to last quarter, and up 23.61% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 30, 2024 | Pivotal Research | Buy | Buy | Hold |
| Aug 27, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 21, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 09, 2024 | Wedbush | Outperform | Outperform | Hold |
| Jul 30, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jul 19, 2024 | Needham | Buy | Buy | Hold |
| Jul 19, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 19, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Jul 19, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Jul 19, 2024 | Wedbush | Outperform | Outperform | Hold |
Netflix's last stock rating was published by Pivotal Research on Aug 30, 2024. The company gave NFLX a "Buy" rating, the same as its previous rate.
Netflix Financial Forecast
Netflix Revenue Forecast
| 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.83B | $8.54B | $8.19B | $8.16B | $7.85B | $7.93B | $7.97B | $7.87B | $7.71B | $7.48B | $7.34B | $7.16B | $6.64B | $6.44B |
| Avg Forecast | $11.92B | $11.54B | $11.64B | $11.63B | $11.68B | $11.44B | $11.30B | $11.19B | $11.23B | $10.89B | $10.69B | $10.55B | $10.03B | $9.76B | $9.53B | $9.28B | $8.72B | $8.54B | $8.29B | $8.18B | $7.86B | $7.84B | $8.03B | $7.93B | $7.71B | $7.48B | $7.32B | $7.14B | $6.62B | $6.39B |
| High Forecast | $12.06B | $11.67B | $11.77B | $11.77B | $11.81B | $11.57B | $11.43B | $11.32B | $11.35B | $11.02B | $10.81B | $10.67B | $10.14B | $9.88B | $9.64B | $9.38B | $8.79B | $8.64B | $8.38B | $8.27B | $7.95B | $7.93B | $8.12B | $8.02B | $7.80B | $7.57B | $7.41B | $7.22B | $6.70B | $6.46B |
| Low Forecast | $11.86B | $11.48B | $11.58B | $11.57B | $11.62B | $11.38B | $11.24B | $11.14B | $11.17B | $10.84B | $10.63B | $10.50B | $9.98B | $9.73B | $9.48B | $9.23B | $8.59B | $8.50B | $8.25B | $8.14B | $7.82B | $7.80B | $7.99B | $7.90B | $7.68B | $7.45B | $7.29B | $7.11B | $6.60B | $6.36B |
| # Analysts | 11 | 19 | 11 | 13 | 21 | 11 | 15 | 11 | 10 | 16 | 10 | 10 | 19 | 22 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 5 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 0.99% | 1.00% | 1.00% | 1.01% | 0.99% | 0.99% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.01% |
Netflix's average Quarter revenue forecast for Mar 24 based on 21 analysts is $9.28B, with a low forecast of $9.23B, and a high forecast of $9.38B. 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 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 19 | 11 | 13 | 21 | 11 | 15 | 11 | 10 | 16 | 10 | 10 | 19 | 22 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 5 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.50B | $1.92B | $1.83B | $5.26B | $4.59B | $5.53B | $5.14B | $5.41B | $4.55B | $4.88B | $4.69B | $4.98B | $3.97B | $4.08B |
| Avg Forecast | $7.48B | $7.24B | $7.31B | $7.30B | $7.33B | $7.18B | $7.09B | $7.03B | $7.05B | $6.84B | $6.71B | $6.62B | $6.29B | $6.13B | $5.98B | $5.86B | $5.48B | $5.36B | $5.20B | $5.33B | $4.93B | $4.05B | $5.04B | $4.21B | $4.84B | $4.70B | $4.59B | $3.67B | $4.16B | $4.01B |
| High Forecast | $7.57B | $7.33B | $7.39B | $7.38B | $7.41B | $7.26B | $7.17B | $7.11B | $7.13B | $6.92B | $6.78B | $6.70B | $6.36B | $6.20B | $6.05B | $7.03B | $5.52B | $5.42B | $5.26B | $6.39B | $4.99B | $4.86B | $5.10B | $5.05B | $4.90B | $4.75B | $4.65B | $4.41B | $4.21B | $4.06B |
| Low Forecast | $7.44B | $7.21B | $7.27B | $7.26B | $7.29B | $7.15B | $7.06B | $6.99B | $7.01B | $6.80B | $6.67B | $6.59B | $6.26B | $6.11B | $5.95B | $4.69B | $5.39B | $5.33B | $5.18B | $4.26B | $4.91B | $3.24B | $5.02B | $3.37B | $4.82B | $4.68B | $4.58B | $2.94B | $4.14B | $3.99B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.27% | 0.36% | 0.35% | 0.99% | 0.93% | 1.37% | 1.02% | 1.28% | 0.94% | 1.04% | 1.02% | 1.36% | 0.95% | 1.02% |
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 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 19 | 11 | 13 | 21 | 11 | 15 | 11 | 10 | 16 | 10 | 10 | 19 | 22 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 5 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $937.84M | $1.68B | $1.87B | $1.31B | $55.28M | $1.40B | $1.44B | $1.60B | $607.43M | $1.45B | $1.35B | $1.71B | $542.16M | $789.98M |
| Avg Forecast | $3.09B | $2.63B | $2.84B | $2.92B | $2.49B | $2.92B | $2.87B | $2.93B | $2.17B | $2.70B | $2.58B | $2.63B | $1.71B | $2.23B | $2.08B | $1.73B | $974.69M | $1.53B | $1.26B | $1.57B | $240.92M | $1.20B | $1.30B | $1.24B | $365.68M | $1.13B | $1.40B | $1.26B | $596.51M | $935.70M |
| High Forecast | $3.13B | $2.67B | $2.88B | $2.96B | $2.52B | $2.96B | $2.91B | $2.98B | $2.20B | $2.74B | $2.62B | $2.67B | $1.73B | $2.27B | $2.12B | $2.08B | $1.09B | $1.56B | $1.27B | $1.89B | $244.51M | $1.44B | $1.32B | $1.49B | $371.33M | $1.15B | $1.42B | $1.51B | $605.73M | $950.15M |
| Low Forecast | $3.07B | $2.61B | $2.82B | $2.90B | $2.47B | $2.90B | $2.85B | $2.91B | $2.15B | $2.68B | $2.56B | $2.61B | $1.70B | $2.05B | $2.07B | $1.38B | $872.79M | $1.52B | $1.25B | $1.26B | $239.36M | $961.37M | $1.29B | $994.95M | $363.77M | $1.12B | $1.39B | $1.01B | $593.39M | $930.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.09% | 1.49% | 0.83% | 0.23% | 1.16% | 1.11% | 1.28% | 1.66% | 1.28% | 0.97% | 1.36% | 0.91% | 0.84% |
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 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 19 | 11 | 13 | 21 | 11 | 15 | 11 | 10 | 16 | 10 | 10 | 19 | 22 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 5 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.36B | $1.04B | $1.03B | $956.29M | $1.22B | $941.17M | $984.26M | $953.91M | $1.19B | $957.74M | $938.82M | $1.33B | $1.53B | $1.25B |
| Avg Forecast | $1.67B | $1.62B | $1.63B | $1.63B | $1.63B | $1.60B | $1.58B | $1.57B | $1.57B | $1.53B | $1.50B | $1.48B | $1.40B | $1.37B | $1.33B | $1.03B | $1.22B | $1.20B | $1.16B | $939.47M | $1.10B | $794.25M | $1.12B | $742.66M | $1.08B | $1.05B | $1.02B | $984.33M | $927.10M | $894.32M |
| High Forecast | $1.69B | $1.63B | $1.65B | $1.65B | $1.65B | $1.62B | $1.60B | $1.59B | $1.59B | $1.54B | $1.51B | $1.49B | $1.42B | $1.38B | $1.35B | $1.24B | $1.23B | $1.21B | $1.17B | $1.13B | $1.11B | $953.10M | $1.14B | $891.19M | $1.09B | $1.06B | $1.04B | $1.18B | $938.12M | $904.95M |
| Low Forecast | $1.66B | $1.61B | $1.62B | $1.62B | $1.63B | $1.59B | $1.57B | $1.56B | $1.56B | $1.52B | $1.49B | $1.47B | $1.40B | $1.36B | $1.33B | $826.73M | $1.20B | $1.19B | $1.15B | $751.57M | $1.10B | $635.40M | $1.12B | $594.13M | $1.07B | $1.04B | $1.02B | $787.47M | $923.37M | $890.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 0.87% | 0.89% | 1.02% | 1.11% | 1.18% | 0.88% | 1.28% | 1.10% | 0.91% | 0.92% | 1.36% | 1.64% | 1.40% |
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 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 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 11 | 19 | 11 | 13 | 21 | 11 | 15 | 11 | 10 | 16 | 10 | 10 | 19 | 22 | 13 | 21 | 22 | 15 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 | 11 | 5 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.15 | $3.80 | $4.22 | $2.93 | $0.12 | $3.14 | $3.24 | $3.60 | $1.37 | $3.27 | $3.05 | $3.85 | $1.23 | $1.79 |
| Avg Forecast | $7.02 | $5.98 | $6.45 | $6.63 | $5.65 | $6.64 | $6.52 | $6.67 | $4.93 | $6.13 | $5.87 | $5.98 | $3.89 | $5.08 | $4.74 | $4.52 | $2.22 | $3.49 | $2.85 | $2.86 | $0.55 | $2.14 | $2.95 | $2.90 | $0.83 | $2.57 | $3.18 | $3.04 | $1.36 | $2.13 |
| High Forecast | $7.13 | $6.07 | $6.54 | $6.73 | $5.74 | $6.74 | $6.61 | $6.77 | $5.00 | $6.22 | $5.96 | $6.07 | $3.94 | $5.16 | $4.81 | $4.59 | $2.48 | $3.54 | $2.90 | $2.90 | $0.56 | $2.17 | $3.00 | $2.95 | $0.84 | $2.61 | $3.23 | $3.09 | $1.38 | $2.16 |
| Low Forecast | $6.98 | $5.94 | $6.41 | $6.59 | $5.62 | $6.60 | $6.47 | $6.63 | $4.89 | $6.09 | $5.83 | $5.94 | $3.86 | $4.67 | $4.71 | $4.50 | $1.98 | $3.47 | $2.84 | $2.84 | $0.54 | $2.12 | $2.94 | $2.89 | $0.83 | $2.55 | $3.17 | $3.02 | $1.35 | $2.12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.09% | 1.48% | 1.03% | 0.22% | 1.47% | 1.10% | 1.24% | 1.65% | 1.27% | 0.96% | 1.27% | 0.91% | 0.84% |
According to 21 Wall Street analysts, Netflix's projected average Quarter EPS for Mar 24 is $4.52, with a low estimate of $4.50 and a high estimate of $4.59. 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 | $8.45 | $17.13 | 102.72% | Buy |
| ROKU | Roku | $74.67 | $123.63 | 65.57% | Buy |
| PARA | Paramount Global | $10.44 | $17.04 | 63.22% | Buy |
| DIS | Walt Disney Company | $92.86 | $137.03 | 47.57% | Buy |
| AMC | AMC Entertainment | $4.82 | $5.17 | 7.26% | Hold |
| NFLX | Netflix | $706.91 | $550.73 | -22.09% | Buy |
NFLX Forecast FAQ
Is Netflix a good buy?
Yes, according to 45 Wall Street analysts, Netflix (NFLX) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 26 'Buy' recommendations, accounting for 60.00% of NFLX's total ratings.
What is NFLX's price target?
Netflix (NFLX) average price target is $550.73 with a range of $162 to $770, implying a -21.96% from its last price of $705.69. The data is based on 45 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 -21.96% (from the last price of $705.69 to the average price target of $550.73), up by 9.11% based on the highest stock price target, and down by -77.04% based on the lowest stock price target.
Can Netflix stock reach $1.1K?
NFLX's average twelve months analyst stock price target of $550.73 does not support the claim that Netflix can reach $1.1K in the near future.
What is Netflix's current price target trend?
2 Wall Street analysts forecast a $750 price target for Netflix (NFLX) this month, up 6.28% from its last price of $705.69. Compared to the last 3 and 12 months, the average price target increased by 0.58% and decreased by -14.02%, respectively.
What are Netflix's analysts' financial forecasts?
Netflix's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $45.61B (high $46.14B, low $45.39B), average EBITDA is $28.63B (high $28.96B, low $28.49B), average net income is $11.2B (high $11.37B, low $11.13B), average SG&A $6.39B (high $6.46B, low $6.35B), and average EPS is $25.48 (high $25.86, low $25.32). NFLX's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $46.73B (high $47.27B, low $46.5B), average EBITDA is $29.33B (high $29.67B, low $29.19B), average net income is $11.47B (high $11.64B, low $11.4B), average SG&A $6.54B (high $6.62B, low $6.51B), and average EPS is $26.08 (high $26.47, low $25.91).
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 $5.34B by 1.32%. 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 $974.69M by -3.78%. 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%