- Netflix (NFLX, Financial) surpasses first-quarter earnings and revenue expectations.
- Analysts project a potential upside for Netflix's stock price.
- GuruFocus estimates suggest a 35.24% downside from the current price.
Netflix (NFLX) has reported an outstanding performance for the first quarter, exceeding market expectations with a reported profit of $6.61 per share, compared to the anticipated $5.68. Additionally, the company posted a revenue of $10.54 billion, surpassing forecasts. Looking forward to the second quarter, Netflix expects to achieve a revenue of $11.04 billion and earnings of $7.03, both figures exceeding analysts' projections.
Wall Street Analysts Forecast
According to the one-year price targets provided by 44 analysts, the average target price for Netflix Inc (NFLX, Financial) is projected to reach $1,083.56. This projection includes a high estimate of $1,494.00 and a low estimate of $644.50—signaling an average target upside of 11.36% from the current price of $973.03. Investors looking for in-depth estimates can visit the Netflix Inc (NFLX) Forecast page.
The consensus from 50 brokerage firms positions Netflix Inc's (NFLX, Financial) average brokerage recommendation at 2.0, denoting an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 reflects a Strong Buy, and 5 indicates Sell.
From a valuation standpoint, GuruFocus estimates the GF Value for Netflix Inc (NFLX, Financial) in one year to be $630.16. This estimation suggests a potential downside of 35.24% from the current trading price of $973.03. The GF Value represents an estimate of the fair value at which the stock should be traded, calculated based on historical trading multiples, past business growth, and the future projections of the business's performance. For more comprehensive details, visit the Netflix Inc (NFLX) Summary page.
