KeyBanc analyst Justin Patterson has increased the price target for Netflix (NFLX, Financial), moving it upward from $1,000 to $1,070, while maintaining an Overweight rating on the stock. This adjustment follows impressive first-quarter results that highlight Netflix's resilience amidst broader economic challenges.
KeyBanc cites several factors supporting Netflix's robust outlook, including potential catalysts in the latter half of the year and a comfortable margin buffer. Additionally, the company's advertising venture is poised for a multi-year growth cycle, adding a significant revenue stream.
The firm remains optimistic about Netflix's financial trajectory, projecting a consistent revenue growth rate between 12% and 13%. Furthermore, the annual earnings per share (EPS) is expected to grow by more than 20%, reinforcing confidence in the company's long-term profitability and market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 44 analysts, the average target price for Netflix Inc (NFLX, Financial) is $1,094.99 with a high estimate of $1,494.00 and a low estimate of $644.50. The average target implies an upside of 12.53% 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 50 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 $655.44, suggesting a downside of 32.64% 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.
