$618.39
Netflix is a video streaming service headquartered in Los Gatos, California. Founded in 1997 by Marc Randolph and Reed Hastings, Netflix offers streaming access to TV series, documentaries, feature films and mobile games.
As of September 2023, Netflix is one of the world’s most popular video streaming services, with more than 238 million paying members in more than 190 countries.
How to buy shares in Netflix
- Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
- Open your account. Provide your personal information and sign up.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: NFLX in this case.
- Research stocks. The platform should provide the latest information available.
- Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
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Latest updates for Netflix
March 15, 2024: More analysts streamed their approval of Netflix this week. Jefferies raised its price target to $700 from $580, while Evercore ISI analyst Mark Mahaney raised the price target to $640 from $600 per share and kept an outperform rating, according to The Street.
March 11, 2024: Shares of Netflix edge higher in Monday's pre-market trading after Oppenheimer analysts reiterated their Outperform rating on the streaming giant, raising its price target from $615 to $725 per share, according to Yahoo Finance.
March 4, 2024: Netflix's share price reached a new 52-week high during trading on Monday. The stock traded as high as $621, with a volume of 33,081 shares. The stock had previously closed at $619.34, according to MarketBeat.
February 29, 2024: Netflix saw a significant insider sell on February 27, 2024. Co-Chief Executive Officer Gregory Peters sold 5,821 shares of the company, according to a recent SEC filing, according to Yahoo Finance.
February 22, 2024: Zacks Investment Research highlighted Netflix's stock this week, suggesting its 2024 bottom line will be $16.93 per share, up 6% in the past 60 days. The company has a Growth Score of B and a trailing four-quarter earnings surprise of 5.4%, on average, according to Yahoo Finance.
Looking ahead - Netflix stock Q1 2024
Netflix has experienced a slowdown in growth rates to single digits in 2022 and 2023, but there are signs of a return to double-digit growth in the near future.
Key catalysts for this potential growth include efforts to monetize account sharing through "paid sharing" and the development of a nascent advertising business, which is expected to become material to Netflix's revenue in 2024.
The company's revenue growth has already begun to accelerate, with management guiding for a double-digit growth rate of 10.7% in the fourth quarter of 2023.
Is it a good time to buy Netflix stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Share price volatility
Over the last 12 months, Netflix's shares have ranged in value from as little as $293.54 up to $624.42. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Netflix's is 1.219. This would suggest that Netflix's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $618.39
1 week (2024-03-12) | 1.20% |
---|---|
1 month (2024-02-16) | 5.90% |
3 months (2023-12-19) | 24.92% |
6 months (2023-09-19) | 56.08% |
1 year (2023-03-17) | 103.75% |
2 years (2022-03-18) | 62.48% |
3 years (2021-03-19) | 20.74% |
5 years (2019-03-19) | 72.36% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
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Is Netflix under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Netflix P/E ratio, PEG ratio and EBITDA
Netflix's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 50x. In other words, Netflix stocks trade at around 50x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 10, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Netflix's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5943. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Netflix's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Netflix's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $7.3 billion.
The EBITDA is a measure of a Netflix's overall financial performance and is widely used to measure a its profitability.
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