What is Netflix's forecast for 2024?
Netflix expects its revenue to increase 16% year-over-year (YoY) to $9.49 billion in the second quarter of 2024 but analysts predict Netflix's Q2 revenue will be slightly higher at $9.53 billion. In the first quarter of 2024, Netflix's revenue was $9.37 billion, up 15% from the prior year.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 840.47 | 29.78% |
| 2026 | $ 1,090.77 | 68.43% |
| 2027 | $ 1,415.62 | 118.60% |
| 2028 | $ 1,837.22 | 183.70% |
The closing price for Netflix (NFLX) in April 2024 was $550.64, on April 30. It was down 9.4% for the month.
Stock Price Forecast
The 31 analysts with 12-month price forecasts for Netflix stock have an average target of 681.61, with a low estimate of 465 and a high estimate of 800. The average target predicts an increase of 5.27% from the current stock price of 647.50.
For the current quarter, Netflix forecast earnings of $5.10 a share on sales of $9.73 billion. Wall Street was looking for earnings of $4.74 a share on sales of $9.81 billion in the third quarter. Netflix's guidance would translate to year-over-year growth of 37% in earnings and 14% in sales.
Netflix Standard Plan Explained – $15.49/Month (May 2024)
The Standard Plan offers the finest alternatives for consumers who live in households with numerous people and prefer to watch their content at a better resolution. It is also the most popular plan according to Netflix themselves.
Netflix stock price stood at $633.34
According to the latest long-term forecast, Netflix price will hit $700 by the end of 2024 and then $1100 by the end of 2026. Netflix will rise to $1300 within the year of 2027, $1500 in 2028, $1700 in 2029, $1800 in 2030, $2000 in 2031 and $2500 in 2035.
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 July 22, 2024 is 647.50. The all-time high Netflix stock closing price was 691.69 on November 17, 2021.
Netflix went public on May 23, 2002 with an initial share price of $15. It was listed on the NASDAQ market because of its emphasis on technology. By 2023, NETFLIX conducted two stock splits despite the company's initial stock price of $15.
The closing price for Netflix (NFLX) in 2008 was $4.27, on December 31, 2008. It was up 12.5% for the year.
Should I hold or sell Netflix stock?
Is Netflix stock a Buy, Sell or Hold? Netflix stock has received a consensus rating of buy. The average rating score is Baa2 and is based on 65 buy ratings, 24 hold ratings, and 7 sell ratings.
- The Vanguard Group – 36,260,284 Shares – 8.38% ...
- BlackRock – 29,970,188 Shares – 6.93% ...
- Fidelity Investments – 22,384,548 Shares – 5.17% ...
- State Street Corporation – 16,277,017 Shares – 3.76% ...
- T. ...
- Reed Hastings – 2,991,541 Shares – 0.67% ...
- Leslie J. ...
- David A.
Netflix (NFLX) does not pay a dividend.
Summary: We had a strong Q2 with 17% revenue growth and an operating margin of 27% vs. 22% last year. We now expect full year 2024 reported revenue growth of 14% to 15% (up from 13% to 15%) and an operating margin of 26% (vs. 25% previously).
Netflix Financial Overview
Netflix's market cap is currently ―. The company's EPS TTM is $14.413; its P/E ratio is 44.93; Netflix is scheduled to report earnings on July 18, 2024, and the estimated EPS forecast is $4.74. See an overview of income statement, balance sheet, and cash flow financials.
And Netflix is still financially thriving. The company's profit in its latest quarter rose 44% from last year to $2.15 billion, or $4.88 per share — a figure that exceeded the estimates of analysts polled by FactSet Research. Revenue climbed 17% from last year to $9.56 billion, also eclipsing analysts' projections.
Future Growth
Netflix is forecast to grow earnings and revenue by 16.4% and 10.1% per annum respectively. EPS is expected to grow by 17.2% per annum. Return on equity is forecast to be 34.8% in 3 years.
Even if Netflix stretches its valuation to nearly $1 trillion by 2025, Meta could be worth much more by then.
A Netflix account is meant to be shared by people who live together in one household. People who are not in your household will need to sign up for their own account to watch Netflix. You can manage who uses your account by setting a Netflix Household.
NFLX stock is up over 36% YTD after opening 2024 at $483.19 and sitting at $659 ahead of earnings. After the last earnings announcement, Netflix released a letter to shareholders about its growth and sustainability strategy: “For FY '24, we forecast revenue growth of 13% to 15%.
What is Netflix forecasting for 2024?
Netflix's initiative to limit password sharing rolled out in mid-2023 has been the key factor to reaccelerating revenue growth that we now expect at 14%-15% in 2024 and about 10% in 2025. In the past four quarters, the company added over 39 million subscribers and now has 278 million globally.
Asked about the breakout stocks to buy today, Bagadia recommended these five shares to buy ahead of the Budget 2024: Sportking India, AWHCL, Nitin Spinners, RCF, and Gravita India.
Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.5% of shares outstanding.
Netflix has a consensus rating of Moderate Buy which is based on 23 buy ratings, 12 hold ratings and 1 sell ratings.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Price T Rowe Associates Inc /md/, Capital World Investors, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, and AGTHX - GROWTH FUND OF AMERICA ...
