Analysts Anticipate Netflix to Reach Target Price of $632 Amidst Mixed Recommendations

With analysis gathered from thirty-five brokerage firms, Netflix, Inc. has been given an average rating of 'Moderate Buy.'

While one analyst suggests selling the stock, twelve recommend holding, and the majority, with twenty-two analysts, advocate for buying. The consensus target price is set at $632.00, reflecting optimism about the company's performance over the next year.

Recent Analyst Ratings and Price Targets

Netflix's stock has seen a flurry of analyst activity with diverse price objectives. Evercore ISI raised their price goal to $700, while Deutsche Bank holds a more conservative view at $550. BMO Capital Markets and Morgan Stanley have projected higher targets, indicating potential growth. KeyCorp echoed this sentiment with their own increased target price.

Netflix Executives' Stock Transactions

Gregory K. Peters, the CEO of Netflix, recently sold over 5,000 shares, with Reed Hastings, Chairman, also parting with stock, signaling insider confidence in realizing gains. Corporate insiders collectively own 1.76% of the company's stock.

Institutional Investors Show Interest in Netflix

In the backdrop of these transactions, institutional investors have adjusted their stakes. Investment firms such as Spartan Planning & Wealth Management, Valued Wealth Advisors LLC, and others have either initiated or scaled up their holdings in Netflix. Currently, 80.93% of Netflix stock is held by institutional investors.

Netflix Shares Dip Slightly

Despite analyst optimism, Netflix's stock recently recorded a minor decline. Nevertheless, the company's financials seem strong with significant revenue and earnings growth reported in their latest quarterly results, surpassing analysts’ expectations. Netflix boasts a high net margin and impressive return on equity figures.

About Netflix

Netflix continues to be a premier provider of entertainment, offering an extensive selection of TV series, documentaries, films, and games across multiple genres and languages. Its services are accessible through several internet-connected devices, catering to a vast audience globally.

Netflix, StockAnalysis, Investment