Is Netflix a good stock to buy right now? (2024)

Is Netflix a good stock to buy right now?

NFLX Stock Forecast FAQ

Is Netflix stock a good buy now?

Netflix is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for NFLX's full-year earnings has moved 7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Is Netflix a good stock to buy in 2024?

However, based on Wall Street's earnings forecasts for 2024 and 2025, its P/E ratio falls to 34.2 and 27.7, respectively, on a forward basis. The Nasdaq-100 sports a P/E ratio of 29.7 today, so Netflix stock will have to rise between now and the end of 2025 to keep pace with the valuation of the broader tech sector.

What is the prediction for Netflix stock?

Netflix Stock Forecast

The 32 analysts with 12-month price forecasts for Netflix stock have an average target of 623.56, with a low estimate of 370 and a high estimate of 800. The average target predicts an increase of 11.11% from the current stock price of 561.23.

What is the future growth of Netflix?

The recent quarter's financials reveal a robust increase in net income from $1.31 million in the first quarter of 2023 to $2.33 million in the same period of 2024. This growth is a testament to the company's strong market presence and its ability to monetize its content effectively.

Is Netflix a safe stock?

Shares have been on a tear, reflecting strong fundamentals. After its rapid ascent over most of the past decade thanks to its dominance in the burgeoning streaming landscape, Netflix (NFLX -0.62%) hit a bit of a rough batch. Slower revenue and subscriber growth caused the shares to tank 51% in 2022.

Is Netflix a stable stock?

Netflix is in good financial shape. It ended 2023 with a net debt-to-EBITDA ratio under 1.0, holding about $7 billion in cash and $14.5 billion in total debt.

Is Netflix a buy or sell stock?

Is NFLX a Buy, Sell or Hold? Netflix has a conensus rating of Moderate Buy which is based on 26 buy ratings, 13 hold ratings and 1 sell ratings. What is Netflix's price target? The average price target for Netflix is $598.98.

What is the highest Netflix stock has been?

Historical daily share price chart and data for Netflix since 2002 adjusted for splits and dividends. The latest closing stock price for Netflix as of April 24, 2024 is 555.12. The all-time high Netflix stock closing price was 691.69 on November 17, 2021.

How much will Netflix be worth in 2025?

What will Netflix stock be worth in 10 years?

The stock's total value must multiply by nearly 5 before reaching a $1 trillion market cap -- an ambitious goal that calls for time and patience. A more reasonable, yet consistently market-beating, estimate suggests Netflix could reach a $564 million market cap by 2030 and $1 trillion in 2035.

How to invest $10 in Netflix?

Does Netflix pay dividends?

The current TTM dividend payout for Netflix (NFLX) as of April 24, 2024 is $0.00. The current dividend yield for Netflix as of April 24, 2024 is 0.00%. Netflix is considered a pioneer in the streaming space.

Is Netflix growing or declining?

How Many Subscribers Does Netflix Have? According to company-reported data, Netflix has 260.28 million subscribers worldwide. Since Q4 2022, the number of Netflix paying members has grown by 12.8%.

Will Netflix stock grow?

On Friday, Morgan Stanley analyst Benjamin Swinburne reiterated his overweight rating on Netflix stock and upped his price target to 700 from 600. In a client note, he predicted that Netflix will see a compound annual growth rate for its earnings per share of 25% from 2024 through 2028.

What are Netflix's weaknesses?

Weaknesses. Content Acquisition Costs: One of the primary weaknesses of Netflix Inc is the high cost associated with content acquisition and production. As the company strives to maintain its competitive edge through original and exclusive content, it faces increasing expenses that impact its profitability.

Who owns most of Netflix stock?

Approximately 48.37% of the company's stock is owned by Institutional Investors, 5.26% is owned by Insiders and 46.37% is owned by Public Companies and Individual Investors. The ownership structure of Netflix (NFLX) stock is a mix of institutional, retail and individual investors.

What stocks to invest in in 2024?

Is Netflix stock tanking?

Netflix stock closed down 9.1% on Friday, after the company reported its first quarter earnings on Thursday. The dip followed Netflix's forecast that subscribers will be lower during the second quarter, which the company blamed on “seasonality.”

Is Disney stock a buy?

Walt Disney is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for DIS' full-year earnings has moved 6.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Is Tesla a good stock to buy?

Tesla currently has a Hold rating. It's split down the middle with the number of analysts with Buy recommendations versus the number of analysts with Sell recommendations. Analysts have been assigning new price targets and reiterating their current stances.

Is Netflix profitable?

Key Facts. Netflix's $9.4 billion in first-quarter revenues and $5.28 profit per share were comfortably above consensus analyst estimates, with Netflix's top and bottom line marks both the best in its history.

Is Amazon a buy stock?

Of the 63 Amazon stock analysts following the company, 95% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 212.45 for Amazon stock, according to FactSet. That implies roughly 17% upside from Amazon's mid-day trading price Friday.

Is Google a good stock to buy?

GOOGL Stock Forecast FAQ

Alphabet Class A has 8.49% upside potential, based on the analysts' average price target. Is GOOGL a Buy, Sell or Hold? Alphabet Class A has a conensus rating of Strong Buy which is based on 30 buy ratings, 7 hold ratings and 0 sell ratings.

Is Amazon buy or sell?

Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.