- Netflix shares surge by 3% following strong quarterly earnings and optimistic future revenue projections.
- Analyst consensus highlights an "Outperform" rating, with optimistic price targets for the stock.
- GuruFocus estimates suggest a potential downside based on current valuations, urging caution for investors.
Netflix (NFLX, Financial) experienced a notable 3% rise in its share value, driven by impressive first-quarter earnings and an encouraging revenue outlook for the upcoming quarter. This performance has garnered positive reactions from analysts, with several revising their price targets upwards.
Wall Street Analysts Forecast
Forecasts from 44 analysts suggest that the average one-year price target for Netflix Inc (NFLX, Financial) is $1,094.99. This includes a high estimate of $1,494.00 and a low estimate of $644.50. The average projection indicates a potential upside of 12.53% from the current trading price of $973.03. For more comprehensive estimates, visit the Netflix Inc (NFLX) Forecast page.
Netflix Inc (NFLX, Financial) currently holds an "Outperform" status based on the consensus recommendation of 50 brokerage firms, with an average rating of 2.0. This rating scale ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
However, investors should exercise caution. According to GuruFocus estimates, the calculated GF Value for Netflix Inc (NFLX, Financial) over the next year is projected to be $655.44. This suggests a potential downside of 32.64% from its current price of $973.03. The GF Value reflects what GuruFocus deems the fair value for the stock, based on historical trading multiples, past business expansion, and anticipated future performance. For detailed insights, visit the Netflix Inc (NFLX) Summary page.
