Netflix (NFLX, Financial) has reported significant changes in its leadership, as revealed in a recent regulatory filing. Reed Hastings, who has been a key figure in steering the company's success, will be stepping down from his position as an executive officer. Effective April 17, Hastings will transition to serve as the Chairman of the Board of Directors, taking on a non-executive role.
Alongside these changes, Timothy Haley has informed Netflix of his decision to not seek re-election at the company's 2025 annual meeting of stockholders. Haley's current term, during which he has also served as the Chair of the Compensation Committee, will conclude at the upcoming Annual Meeting. Notably, his decision to step down is not related to any disagreements with the company, as clarified in the filing.
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 10.90% from the current price of $973.03. 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 $630.16, suggesting a downside of 35.24% from the current price of $973.03. 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.
