These tools can roughly be divided into indicators and chart patterns. NetFlix stock traders use a variety of tools to make a prediction on which way the NFLX market is likely to head next. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our NetFlix stock forecast, it's now a good time to buy NFLX stock because it's trading 1.87% below our forecast.ĭisclaimer: This is not investment advice. NFLX stock recorded 13/30 (43%) green days with 7.86% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear). Simply Wall St has no position in any stocks mentioned.According to our current NFLX stock forecast, the value of NetFlix shares will rise by 1.91% and reach $ 568.49 per share by February 18, 2024. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. You can also see whether Netflix is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here. At Simply Wall St, we have a full range of analyst estimates for Netflix going out to 2026, and you can see them free on our platform here. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Netflix's earnings potential next year. So it's pretty clear that Netflix is forecast to grow substantially faster than its industry. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.9% annually. We can infer from the latest estimates that forecasts expect a continuation of Netflix'shistorical trends, as the 14% annualised revenue growth to the end of 2024 is roughly in line with the 14% annual growth over the past five years. Of course, another way to look at these forecasts is to place them into context against the industry itself. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business. There are some variant perceptions on Netflix, with the most bullish analyst valuing it at US$700 and the most bearish at US$335 per share. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 14% to US$550. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. In the lead-up to this report, the analysts had been modelling revenues of US$38.2b and earnings per share (EPS) of US$15.79 in 2024. Statutory earnings per share are predicted to shoot up 35% to US$16.70. This reflects a solid 14% improvement in revenue compared to the last 12 months. Taking into account the latest results, the consensus forecast from Netflix's 48 analysts is for revenues of US$38.3b in 2024.
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