Analyst Ratings Coverage
On Monday October 9th, Goldman Sachs issued a report on Netfix’s stock, lowering the 12 month target forecast to $390 from $400. Goldman also maintained the “Neutral” rating.
NFLX Stock Forecast & Analysis
Analyst Projections:
A consensus forecast from 30 analysts indicates that Netflix Inc’s stock is expected to reach an average target price of USD 444.54 over the next 12 months. These projections are the result of a thorough examination by financial experts who scrutinize the company’s financials, market dynamics, content offerings, and competition.
Moreover, the average analyst rating for Netflix Inc is characterized as “Buy.” This rating reflects the collective opinion of analysts who have assessed the company’s stock and suggests that the majority view it as an attractive investment opportunity. It underscores optimism about Netflix’s future growth potential.
Stock Target Advisor Analysis:
Stock Target Advisor, an independent source for stock analysis, conducts its own evaluation of Netflix Inc’s stock. It categorizes the stock as “Slightly Bullish,” signaling a moderately positive outlook. This classification is based on a combination of 8 positive signals and 4 negative signals.
These signals encompass various factors, including technical indicators, market sentiment, and financial metrics. While the “Slightly Bullish” designation indicates an overall positive sentiment, it also acknowledges certain factors of concern that investors should be mindful of.
Stock Performance:
At the most recent closing, Netflix Inc’s stock price was reported at USD 381.51 per share. Over the past week, the stock demonstrated a modest increase of +1.04%, indicating some positive momentum in the short term.
However, over the past month, Netflix’s stock price exhibited a decline of -13.84%, reflecting a period of volatility and market fluctuations. Despite this recent downturn, the stock has shown impressive growth over the last year, with a substantial increase of +69.75%. This robust performance highlights Netflix’s prominence in the streaming industry.
Final Stock Analysis:
Netflix Inc’s stock has garnered substantial attention from analysts, and their consensus target price of USD 444.54 and “Buy” rating reflect a positive outlook for the company’s future. Stock Target Advisor’s “Slightly Bullish” classification further supports the favorable sentiment surrounding Netflix.
