Netflix, Inc. (NASDAQ:NFLX) Receives $96.65 Average Target Price from Brokerages

Shares of Netflix, Inc. (NASDAQ:NFLX) have earned an average rating of “Moderate Buy” from the fifty-five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation, thirty-four have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $96.6524.

Several research analysts have recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 price target (down from $115.00) on shares of Netflix in a report on Friday, July 17th. Daiwa Securities Group reduced their target price on Netflix from $102.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Stephens initiated coverage on Netflix in a research note on Friday, July 17th. They issued an “overweight” rating on the stock. Moffett Nathanson lowered their price target on Netflix from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Finally, Weiss Ratings downgraded Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Advertising growth is becoming a key bullish catalyst. Netflix’s ad-supported business is gaining momentum through advertiser additions, programmatic buying and AI-powered tools. Continued execution could provide a new revenue and profit-growth engine and support further stock recovery. Netflix Stock Rebound Fuels Ad Growth Talk: A Sign of More Upside?
• Positive Sentiment: Recent performance has renewed investor interest. Netflix gained about 13% in August after reaching a 52-week low, while several commentary pieces describe the shares as attractively valued and identify a potentially ongoing “second monetization cycle.” Why Netflix Stock Gained 13% in August
• Positive Sentiment: Analyst sentiment remains supportive. Wall Street’s generally bullish recommendations and the view that NFLX can rebound after underperforming the S&P 500 are helping sustain the recovery narrative. Is It Worth Investing in Netflix Based on Wall Street’s Bullish Views?
• Positive Sentiment: Content and partnership reach remain strategic strengths. A GTA VI trailer generated 31.1 million Netflix views despite being available exclusively for only six hours, highlighting the platform’s distribution power. A Stella Artois tie-in for The Gentlemen also demonstrates Netflix’s expanding brand-partnership potential. A Video Game Trailer Was Netflix’s Most-Watched English Film
• Neutral Sentiment: Acquisition speculation is driving attention but not yet value. Netflix is reportedly considering several streaming targets after losing a bid for a major media company. Regulatory hurdles, controlling shareholders and high valuations make a transaction uncertain. Netflix’s Acquisition Wishlist
• Negative Sentiment: Investors remain concerned about growth and competition. Netflix’s roughly 325 million subscribers provide scale, but slowing growth and pressure from short-form video platforms could limit upside. The stock’s underperformance versus the broader market is also keeping sentiment cautious. Netflix: A Streaming Giant at a Rare Discount?

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at $5,592,316.73. The trade was a 11.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Hyman sold 5,723 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,595 shares of company stock valued at $15,812,072 over the last quarter. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Netflix

Hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Netflix by 7,028.2% in the second quarter. California State Teachers Retirement System now owns 458,934,710 shares of the Internet television network’s stock worth $32,767,938,000 after buying an additional 452,496,424 shares during the period. BlackRock Inc. purchased a new stake in Netflix during the 2nd quarter valued at about $24,902,221,000. State Street Corp grew its position in Netflix by 927.6% during the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC grew its position in Netflix by 892.0% during the 4th quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock worth $9,305,336,000 after acquiring an additional 89,558,684 shares during the last quarter. Finally, Capital World Investors increased its stake in Netflix by 859.1% in the 4th quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock worth $8,376,656,000 after purchasing an additional 80,025,890 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 0.1%

Shares of Netflix stock opened at $82.67 on Tuesday. Netflix has a 12-month low of $65.08 and a 12-month high of $126.71. The company has a market cap of $344.23 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.16 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $75.43 and its 200-day moving average price is $84.44.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same period last year, the business earned $0.72 earnings per share. Netflix’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Netflix will post 3.59 earnings per share for the current fiscal year.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.