Argus has revised its price target for Netflix (NFLX, Financial), boosting it from $1,120 to $1,200 while maintaining a Buy rating on the streaming giant's shares. This adjustment reflects confidence in Netflix's ability to navigate the current uncertain macroeconomic landscape effectively, as it continues to uphold its full-year guidance.
The analyst at Argus emphasized Netflix's strong value proposition compared to other entertainment options, underscoring its position as the largest long-form video streaming service. With Netflix's January price increase expected to drive revenue growth into 2025, the company is anticipated to manage margins despite potential moderation in the latter part of the year.
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 9.47% from the current price of $1,000.30. 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 $656.14, suggesting a downside of 34.41% from the current price of $1000.3. 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.
