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Netflix (NFLX) stock forecast for 2024
Updated: May 7, 2024 (02:46)
Sector: Communication servicesThe share price of Netflix, Inc. (NFLX) now
50/200 Day Moving Average: $602.28 / $489.83
This figure corresponds to the Average Price over the previous 50/200 days. For Netflix stocks, the 50-day moving average is the resistance level today.
For Netflix stocks, the 200-day moving average is the resistance level today.
Are you interested in Netflix, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Netflix stock price in 2024. How much will one Netflix share be worth in 2024? Is it worth taking profit / loss on NFLX stock now or waiting? What are analysts' forecasts for Netflix stock?
We forecast Netflix stock performance using neural networks based on historical data on NFLX stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Netflix, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Netflix analysts is $645.11. Today 200 Day Moving Average is the support level (489.83 $). 50 Day Moving Average is the resistance level (602.28 $).
Historical and forecast chart of Netflix, Inc. stock
The chart below shows the historical price of Netflix stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the NFLX stock price can be found in the table below.
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Netflix’s Earnings Momentum: A Look into NFLX Stock Prospects for 2024
Predicting the trajectory of stock prices is always a complex endeavor, rife with uncertainties and influences from a multitude of factors. However, analysts who pore over Netflix stock graphs and historical data may find reasons for cautious optimism when looking ahead to 2024. Among the myriad of variables, one question stands out: can the success and growth demonstrated in Netflix’s latest earnings report be a reliable indicator of NFLX stock performance in the future?
Analyzing Factors Influencing NFLX Stock in 2024
The strong Q4 earnings beat that Netflix reported, with a record number of subscribers at 260.3 million and an impressive increase in revenue to $8.83 billion, lays a solid foundation for understanding future movements. The NFLX stock experienced an 8.7% after-hours surge in addition to a steady gain during the regular trading session, reflecting the high expectations raised by this performance. It’s important to factor in Netflix’s strategic maneuvers, such as its $5 billion-plus deal with TKO Group granting exclusive rights to popular content and bringing high-profile names like Dwayne “The Rock” Johnson onto the board, which could be substantial drivers for the stock rate. Such aggressive investments in live programming certainly underscore the company’s commitment to growth and innovation—elements that resonate well with investors and could significantly affect NFLX stock forecasts.
As 2023 rolls along, anticipation also brews for what 2024 might hold for Netflix. Predicting stock rates with pinpoint accuracy is near impossible; however, given the information at hand, there are relevant benchmarks to consider. The free cash flow of $1.6 billion and a 21% fiscal year operating margin—eclipsing the 20% target—are strong financial indicators. Yet, questions linger: Is Netflix going out of business? Far from it, as these figures suggest. The past successes immortalized in Netflix stock history, however, serve as an example of how maintaining such growth might depend on continuing to exceed market expectations.
The effectiveness of Netflix’s investment in original content, broader economic conditions, and competitive shifts within the streaming industry will all have an impact on the NFLX stock forecast for 2024. While quotes from Netflix offer inspiration, it will be the company’s ability to adapt and innovate that may well determine how brightly its stock will shine in the ever-changing market landscape.
Netflix (NFLX) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jun | 590.46 | 554.56 | 625.42 | 11.33 % |
| Jul | 606.05 | 577.93 | 640.96 | 9.83 % |
| Aug | 596.84 | 569.15 | 625.49 | 9.01 % |
| Sep | 589.68 | 573.64 | 624.59 | 8.16 % |
| Oct | 549.11 | 531.10 | 576.78 | 7.92 % |
| Nov | 530.22 | 509.01 | 546.76 | 6.90 % |
| Dec | 538.28 | 511.58 | 548.18 | 6.68 % |
Netflix information and performance
100 WINCHESTER CIRCLE, ., LOS GATOS, CA, US
Market capitalization of the Netflix, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of NFLX shares in the company outstanding by the market price of one share.
EBITDA of Netflix is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Netflix price target for 2024 by month
Target values for the price of one Netflix share for Jun 2024.
In Jun, the Positive dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 11.329% volatility is expected.
Pessimistic target level: 554.56
Optimistic target level: 625.42
Target values for the price of one Netflix share for Jul 2024.
In Jul, the Positive dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 9.834% volatility is expected.
Pessimistic target level: 577.93
Optimistic target level: 640.96
Target values for the price of one Netflix share for Aug 2024.
In Aug, the Negative dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 9.008% volatility is expected.
Pessimistic target level: 569.15
Optimistic target level: 625.49
Target values for the price of one Netflix share for Sep 2024.
In Sep, the Negative dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 8.157% volatility is expected.
Pessimistic target level: 573.64
Optimistic target level: 624.59
Target values for the price of one Netflix share for Oct 2024.
In Oct, the Negative dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 7.921% volatility is expected.
Pessimistic target level: 531.10
Optimistic target level: 576.78
Target values for the price of one Netflix share for Nov 2024.
In Nov, the Negative dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 6.904% volatility is expected.
Pessimistic target level: 509.01
Optimistic target level: 546.76
Target values for the price of one Netflix share for Dec 2024.
In Dec, the Positive dynamics for Netflix, Inc. shares will prevail with possible monthly volatility of 6.677% volatility is expected.
Pessimistic target level: 511.58
Optimistic target level: 548.18
