Piper Sandler has initiated coverage of Netflix (NFLX, Financial), assigning it an Overweight rating and setting a price target of $1,100. Analysts at the firm highlight Netflix's strong position within the consumer internet sector, citing its robust entertainment proposition and solid subscription model. These attributes are seen as providing resilience, especially during economic downturns.
The research note also points out that Netflix is taking a proactive stance in the market, driven by the growth of streaming services, a superior content lineup, and an expanding advertising business. According to Piper Sandler, current market expectations for Netflix might not be overly demanding, indicating potential for upside.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 43 analysts, the average target price for Netflix Inc (NFLX, Financial) is $1,079.11 with a high estimate of $1,494.00 and a low estimate of $644.50. The average target implies an upside of 12.22% from the current price of $961.63. More detailed estimate data can be found on the Netflix Inc (NFLX) Forecast page.
Based on the consensus recommendation from 49 brokerage firms, Netflix Inc's (NFLX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Netflix Inc (NFLX, Financial) in one year is $630.23, suggesting a downside of 34.46% from the current price of $961.63. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Netflix Inc (NFLX) Summary page.
