Netflix Stock Price Expected to Rise, Argus Analyst Says

On January 6, 2025, investment analysts at Argus raised their price target for Netflix (NASDAQ:NFLX) from $840.00 to $1,040.00, indicating a positive outlook for the company's stock. This new target suggests an upside potential of 18.04% based on Netflix's previous closing price. Argus also rates the stock as a “buy,” reflecting confidence in Netflix's future performance.

Other analysts have also shared their perspectives on Netflix's stock value. KeyCorp increased their price target from $760.00 to $785.00 with an “overweight” rating. In contrast, Barclays maintained an “underweight” rating, setting its price objective at $550.00. Meanwhile, JPMorgan Chase raised its target price to $1,010.00, issuing an “overweight” rating. Pivotal Research recently upped its target for Netflix to $1,100.00, promoting it as a “buy.” However, Loop Capital adjusted its rating from “buy” to “hold” while raising their price target from $800.00 to $950.00.

According to research data, the stock has received mixed reviews, with two analysts giving sell ratings, ten issuing hold ratings, and twenty-four recommending it as a buy. MarketBeat reports that Netflix holds an average rating of “Moderate Buy,” with a consensus target price of $821.27.

Netflix Stock Performance Overview

The stock opened at $881.05 on Monday and has a current market capitalization of $376.61 billion. It boasts a P/E ratio of 49.86 and a beta of 1.27, indicating a moderate level of risk compared to the market. Netflix's current debt-to-equity ratio is 0.62, with a quick and current ratio both at 1.13. Over the past year, the stock's performance has seen a low of $466.53 and a high of $941.75. Currently, its 50-day moving average stands at $866.57, while the 200-day moving average is at $746.99.

Netflix recently reported its quarterly earnings on October 17, 2024, revealing earnings per share (EPS) of $5.40. This figure exceeded analysts' expectations, which were set at $5.09. The company reported revenues of $9.82 billion for that quarter, surpassing the anticipated $9.77 billion. Analysts project that Netflix will achieve an EPS of 19.78 for the ongoing fiscal year.

Insider Transactions

In insider news, Netflix Chairman Reed Hastings sold 35,868 shares on January 2, 2025, at an average price of $888.08, totaling around $31.85 million. This sale represents a significant reduction of 99.68% in his holdings, leaving him with just 114 shares valued at approximately $101,241.12. Director Leslie J. Kilgore also sold 383 shares on October 10, 2024, for around $279,590. Overall, company insiders have sold a total of 150,761 shares worth approximately $125.71 million in the past three months, with corporate insiders owning 1.76% of the company’s stock.

Institutional Investor Activity

Recent activities by institutional investors illustrate strong interest in Netflix. State Street Corp increased its stake by 2.6% in the third quarter, owning over 16.95 million shares valued at approximately $12 billion. Geode Capital Management reinforced its position by 1.4%, holding roughly 9.15 million shares worth about $6.46 billion. Jennison Associates LLC expanded its stake by 4.7%, now owning about 6.99 million shares valued at around $4.96 billion. Notably, International Assets Investment Management made a substantial increase, raising its holdings by a staggering 116,620%. Overall, institutional investors and hedge funds own approximately 80.93% of Netflix's stock, highlighting strong institutional confidence in the company's future prospects.

About Netflix

Netflix, Inc. is a leader in the entertainment industry, offering a vast selection of TV series, documentaries, feature films, and video games across various genres. The platform allows subscribers to stream content through multiple internet-connected devices including smart TVs, digital video players, set-top boxes, and mobile smartphones.

Netflix, Stocks, Earnings