Analysts’ Recent Ratings Changes for Netflix (NFLX)

Several analysts have recently updated their ratings and price targets for Netflix (NASDAQ: NFLX):

• 12/2/2024 – Netflix had its price target raised by analysts at Evercore ISI from $775.00 to $950.00. They now have an “outperform” rating on the stock.
• 12/2/2024 – Netflix had its price target raised by analysts at Canaccord Genuity Group Inc. from $760.00 to $940.00. They now have a “hold” rating on the stock.
• 11/21/2024 – Netflix had its price target raised by analysts at Bank of America Co. from $800.00 to $1,000.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Netflix had its price target raised by analysts at Pivotal Research from $925.00 to $1,100.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Netflix had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $950.00 price target on the stock, up previously from $800.00.
• 10/29/2024 – Netflix had its price target raised by analysts at Guggenheim from $810.00 to $825.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Netflix was given a new $750.00 price target on by analysts at The Goldman Sachs Group, Inc..
• 10/18/2024 – Netflix had its “outperform” rating reaffirmed by analysts at Wolfe Research.
• 10/18/2024 – Netflix had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $550.00 price target on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Wells Fargo & Company from $758.00 to $797.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Netflix had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $840.00 price target on the stock, up previously from $800.00.
• 10/18/2024 – Netflix had its price target raised by analysts at JPMorgan Chase & Co. from $750.00 to $850.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at KeyCorp from $760.00 to $785.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Morgan Stanley from $820.00 to $830.00. They now have an “overweight” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Evercore ISI from $750.00 to $775.00. They now have an “outperform” rating on the stock.
• 10/18/2024 – Netflix had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $825.00 price target on the stock, up previously from $770.00.
• 10/18/2024 – Netflix had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $795.00 price target on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Oppenheimer Holdings Inc. from $775.00 to $825.00. They now have an “outperform” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Rosenblatt Securities from $635.00 to $680.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Sanford C. Bernstein from $625.00 to $780.00. They now have a “market perform” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Canaccord Genuity Group Inc. from $750.00 to $760.00. They now have a “hold” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Bank of America Co. from $740.00 to $800.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at TD Cowen from $820.00 to $835.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Jefferies Financial Group Inc. from $780.00 to $800.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at UBS Group AG from $750.00 to $825.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Pivotal Research from $900.00 to $925.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Netflix had its price target raised by analysts at Needham & Company LLC from $700.00 to $800.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Netflix was given a new $775.00 price target on by analysts at Oppenheimer Holdings Inc..
• 10/17/2024 – Netflix had its price target raised by analysts at Wedbush from $725.00 to $775.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Netflix had its price target raised by analysts at Loop Capital from $750.00 to $800.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Netflix had its “sell” rating reaffirmed by analysts at Benchmark Co.. They now have a $545.00 price target on the stock.
• 10/11/2024 – Netflix had its price target raised by analysts at Macquarie from $695.00 to $795.00. They now have an “outperform” rating on the stock.
• 10/11/2024 – Netflix had its price target raised by analysts at Guggenheim from $735.00 to $810.00. They now have a “buy” rating on the stock.
• 10/10/2024 – Netflix had its price target raised by analysts at Morgan Stanley from $780.00 to $820.00. They now have an “overweight” rating on the stock.
• 10/10/2024 – Netflix had its price target raised by analysts at Oppenheimer Holdings Inc. from $725.00 to $775.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – Netflix had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $590.00 to $650.00. They now have a “hold” rating on the stock.
• 10/8/2024 – Netflix had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $750.00 price target on the stock.
• 10/7/2024 – Netflix had its “underweight” rating reaffirmed by analysts at Barclays PLC. They now have a $550.00 price target on the stock.
• 10/7/2024 – Netflix was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $800.00 price target on the stock, up previously from $650.00.
• 10/7/2024 – Netflix had its price target raised by analysts at TD Cowen from $775.00 to $820.00. They now have a “buy” rating on the stock.

Netflix Stock Up 1.0 %

NFLX opened at $911.06 on Thursday. The company has a fifty day moving average price of $784.25 and a 200-day moving average price of $706.19. The firm has a market capitalization of $389.44 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $445.73 and a one year high of $915.97.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The trade was a 31.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,155 shares of company stock worth $159,682,799. Corporate insiders own 1.76% of the company’s stock.

Institutional Trading of Netflix

Several institutional investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at about $25,000. Denver PWM LLC bought a new position in shares of Netflix during the second quarter valued at about $25,000. Proffitt & Goodson Inc. raised its stake in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.