Key Takeaways:
- Netflix exceeds first-quarter expectations with substantial EPS and revenue growth.
- Analyst forecasts suggest a potential 10.90% upside for Netflix's stock price.
- Contrasting estimates highlight different perspectives on Netflix's valuation.
Netflix (NFLX, Financial) delivered an exceptional first-quarter performance, significantly outpacing market projections. The company reported a GAAP EPS of $6.61, which surpassed analyst expectations by $0.95. Additionally, Netflix achieved $10.54 billion in revenue, exceeding forecasts by a notable $40 million.
Wall Street Analysts Forecast
According to price targets from 43 analysts, the average target price for Netflix Inc (NFLX, Financial) stands at $1,079.11. These projections range from a high of $1,494.00 to a low of $644.50. The average target represents an anticipated upside of 10.90% from the current stock price of $973.03. Investors seeking more detailed estimates can refer to the Netflix Inc (NFLX) Forecast page.
Further analysis by 49 brokerage firms provides Netflix Inc (NFLX, Financial) with an average brokerage recommendation of 2.0, suggesting an "Outperform" status. The recommendation scale ranges from 1, indicating a Strong Buy, to 5, pointing to a Sell.
Evaluating Netflix's Valuation
In contrast to analyst optimism, GuruFocus estimates calculate the GF Value for Netflix Inc (NFLX, Financial) in one year at $630.16. This suggests a potential downside of 35.24% from the current price of $973.03. The GF Value is derived from historical multiples, past business growth, and future performance projections, representing GuruFocus' fair value estimate for the stock. For a deeper dive into these metrics, visit the Netflix Inc (NFLX) Summary page.
Investors should weigh these varying insights as they make informed decisions about Netflix's future performance and market position.
