Key Takeaways:
- Netflix (NFLX, Financial) posts impressive Q1 results, driving a 4% spike in after-hours trading.
- Analysts project an average price target of $1,079.11 for NFLX, suggesting a potential upside.
- GuruFocus estimates a GF Value of $630.16, indicating a downside from current prices.
Netflix (NFLX) shares experienced a notable 4% increase in after-hours trading, propelled by strong first-quarter financial results. The company's performance exceeded market expectations, with revenue reaching $10.54 billion and earnings per share at $6.61. This marks a 13% year-over-year revenue growth, alongside a 27% surge in operating income to $3.35 billion, attributed to robust subscription and advertising efforts.
Wall Street Analysts Forecast
According to the forecasts from 43 Wall Street analysts, Netflix Inc (NFLX, Financial) holds an average price target of $1,079.11. The projections range from a high of $1,494.00 to a low of $644.50, indicating a potential upside of 10.90% from the current trading price of $973.03. For more detailed estimate data, visit the Netflix Inc (NFLX) Forecast page.
The average brokerage recommendation from 49 firms places Netflix Inc's (NFLX, Financial) rating at 2.0, which translates to an "Outperform" status. This rating system runs on a scale from 1 to 5, with 1 indicating a Strong Buy and 5 a Sell.
GuruFocus Fair Value Estimate
GuruFocus projects a GF Value for Netflix Inc (NFLX, Financial) at $630.16 over one year, suggesting a potential downside of 35.24% from the current price of $973.03. The GF Value reflects GuruFocus' proprietary assessment of the stock's fair trading value, calculated based on historical trading multiples, past business growth, and future performance estimates. For further insights, explore the Netflix Inc (NFLX) Summary page.
