Netflix (NFLX) Stock Forecast & Price Target

$697.12

-1.42 (-0.20%)

(As of 08/21/2024 ET)

Netflix - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 35 Analyst Ratings

Based on 35 Wall Street analysts who have issued ratings for Netflix in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 35 analysts, 1 has given a sell rating, 11 have given a hold rating, and 23 have given a buy rating for NFLX.

Consensus Price Target

$681.21
-2.28% Downside

High Forecast	$800.00
Average Forecast	$681.21
Low Forecast	$465.00

According to the 35 analysts' twelve-month price targets for Netflix, the average price target is $681.21. The highest price target for NFLX is $800.00, while the lowest price target for NFLX is $465.00. The average price target represents a forecasted downside of -2.28% from the current price of $697.12.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	23 Buy rating(s)	23 Buy rating(s)	22 Buy rating(s)	23 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$681.21	$681.21	$630.53	$426.41
Forecasted Upside	-2.28% Downside	9.53% Upside	8.31% Upside	10.73% Upside

Get Netflix Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for NFLX and its competitors with MarketBeat's FREE daily newsletter.

Ad Behind the Markets

Secure this "AI Fuel" Stock Before the Billionaires Buy It All

According to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations.

Click here for the ticker >>>

NFLX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NFLX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Netflix Stock vs. The Competition

Type	Netflix	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.63	2.55	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-2.28% Downside	2,231.89% Upside	8.74% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/30/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$725.00 ➝ $725.00	+15.93%
7/22/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$660.00 ➝ $675.00	+4.25%
7/19/2024	Rosenblatt Securities 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$554.00 ➝ $635.00	-0.38%
7/19/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$650.00 ➝ $659.00	+4.13%
7/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$685.00 ➝ $750.00	+15.98%
7/19/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Faber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$740.00 ➝ $760.00	+17.63%
Get the Latest News and Ratings for NFLX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Netflix and its competitors with MarketBeat's FREE daily newsletter.
7/19/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$600.00 ➝ $650.00	+1.08%
7/19/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$700.00 ➝ $700.00	+8.86%
7/19/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$600.00 ➝ $625.00	-2.81%
7/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$700.00 ➝ $710.00	+10.41%
7/17/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $735.00	+11.99%
7/16/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$685.00 ➝ $685.00	+4.94%
7/16/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$450.00 ➝ $545.00	-17.27%
7/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$655.00 ➝ $780.00	+18.82%
7/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $740.00	+11.77%
7/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$700.00 ➝ $780.00	+20.44%
7/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $750.00	+14.90%
7/10/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$707.00 ➝ $735.00	+7.18%
7/9/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$725.00 ➝ $775.00	+13.02%
7/2/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$660.00 ➝ $767.00	+14.29%
6/18/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$700.00 ➝ $750.00	+10.46%
5/20/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$725.00	+15.97%
5/2/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$650.00	+17.82%
4/19/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$720.00 ➝ $585.00	-4.19%
4/19/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$765.00 ➝ $800.00	+31.03%
4/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $726.00	+18.91%
4/17/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$638.00 ➝ $713.00	+16.37%
4/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$525.00 ➝ $550.00	-12.13%
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$475.00 ➝ $550.00	-12.48%
1/30/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
1/25/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$600.00	+10.12%
1/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$500.00 ➝ $600.00	+21.90%
10/19/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$430.00 ➝ $465.00	+34.32%
10/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
7/20/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$370.00	-22.53%
4/17/2023	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$320.00 ➝ $333.00	+1.30%
1/26/2023	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Accumulate
1/20/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$240.00 ➝ $250.00	-20.83%
1/20/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$405.00 ➝ $440.00	+39.34%
12/29/2022	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Buy	$310.00	+11.96%
Secure this "AI Fuel" Stock Before the Billionaires Buy It All (Ad) According to the Washington Post, America is running out of a crucial component for AI. Without this "AI fuel," firms like NVIDIA would have to shut down their operations. Click here for the ticker >>>
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		$405.00	+30.54%
11/30/2022	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$170.00 ➝ $215.00	-23.48%
10/25/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$226.00 ➝ $330.00	+16.83%
10/19/2022	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
9/28/2022	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$211.00 ➝ $283.00	+26.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:34 AM ET.

NFLX Forecast - Frequently Asked Questions

What is Netflix's forecast for 2024?: According to the research reports of 35 Wall Street equities research analysts, the average twelve-month stock price forecast for Netflix is $681.21, with a high forecast of $800.00 and a low forecast of $465.00.
Should I buy or sell Netflix stock right now?: 35 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Netflix in the last year. There is currently 1 sell rating, 11 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NFLX shares.
Does Netflix's stock price have much upside?: According to analysts, Netflix's stock has a predicted upside of 9.20% based on their 12-month stock forecasts.
What analysts cover Netflix?: Netflix has been rated by research analysts at Argus, Bank of America, Benchmark, Citigroup, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Loop Capital, Macquarie, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Redburn Atlantic, Rosenblatt Securities, Sanford C. Bernstein, TD Cowen, The Goldman Sachs Group, and UBS Group in the past 90 days.
Do Wall Street analysts like Netflix more than its competitors?: Analysts like Netflix more than other "consumer discretionary" companies. The consensus rating score for Netflix is 2.63 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how NFLX compares to other companies.