Netflix Shares Jump Over 6% After It Reports Smaller Subscriber Loss Than Forecast (2024)

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Netflix Shares Jump Over 6% After It Reports Smaller Subscriber Loss Than Forecast (2024)

FAQs

Why is Netflix shares increasing? ›

Netflix shares were sharply higher in pre-market trading Wednesday after the streaming giant said it added 13.1 million subscribers in the fourth quarter, well ahead of Wall Street's consensus view. The company plans to increase its programming slate and tap into new areas, such as advertising and gaming.

Why did Netflix lose stocks? ›

Netflix (NFLX) stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street.

What is the future forecast for Netflix stock? ›

Netflix Stock Forecast

The 32 analysts with 12-month price forecasts for Netflix stock have an average target of 623.56, with a low estimate of 370 and a high estimate of 800. The average target predicts an increase of 12.35% from the current stock price of 555.04.

How high can Netflix stock go? ›

NFLX Stock 12 Month Forecast

Based on 40 Wall Street analysts offering 12 month price targets for Netflix in the last 3 months. The average price target is $637.29 with a high forecast of $765.00 and a low forecast of $425.00. The average price target represents a 3.20% change from the last price of $617.52.

Why is Netflix stock jumping? ›

Thanks to a higher membership base and operational discipline, profits for Netflix skyrocketed. The company had a full-year operating margin of 21% in 2023, up meaningfully from its 18% margin in 2022. Moreover, its free cash flow surged from $1.6 billion in 2022 to a whopping $6.9 billion in 2023.

Why did Netflix stock jump? ›

Stock in Netflix has rallied more than 50% over the past 12 months as the streaming-video company shows progress in both cracking down on password sharing and expanding consumer interest in lower-priced, ad-supported subscriptions.

Is Netflix losing subscribers in 2024? ›

How many paid subscribers does Netflix have? Netflix had around 269.6 million paid subscribers worldwide as of the first quarter of 2024. This marked an increase of over nine million subscribers compared with the previous quarter.

Did Netflix lose subscribers because of the price increase? ›

Netflix revealed that it had lost 1 million members for the first time in two decades; it claimed that it was a result of rising inflation and increasing competition in the streaming market. Price increases are also the reason behind the loss of Netflix subscribers.

Did Netflix lose customers after password sharing? ›

Netflix's password crackdown worked. It could have more tricks to lure subscribers. Netflix added almost 30 million subscribers in 2023 after cracking down on password sharing in May. Customers balked at the idea, but in the end Netflix prevailed.

Should I hold or sell Netflix stock? ›

Is Netflix stock a Buy, Sell or Hold? Netflix stock has received a consensus rating of buy. The average rating score is Baa2 and is based on 66 buy ratings, 24 hold ratings, and 6 sell ratings.

Who is the largest shareholder of Netflix? ›

Who Owns Netflix Stock? Top 10 NFLX Shareholders
  • The Vanguard Group – 36,260,284 Shares – 8.38% ...
  • BlackRock – 29,970,188 Shares – 6.93% ...
  • Fidelity Investments – 22,384,548 Shares – 5.17% ...
  • State Street Corporation – 16,277,017 Shares – 3.76% ...
  • T. ...
  • Reed Hastings – 2,991,541 Shares – 0.67% ...
  • Leslie J. ...
  • David A.
Feb 14, 2024

Is Netflix a buy or sell right now? ›

Netflix has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 21 buy ratings, 12 hold ratings, and 1 sell rating.

What are analysts saying about Netflix stock? ›

Analyst Price Targets

Based on analysts offering 12 month price targets for NFLX in the last 3 months. The average price target is $655.86 with a high estimate of $800 and a low estimate of $440.

What would $1000 in Netflix stock ten years ago be worth today? ›

So, if you had invested in Netflix ten years ago, you're likely feeling pretty good about your investment today. A $1000 investment made in March 2014 would be worth $9,728.72, or a gain of 872.87%, as of March 4, 2024, according to our calculations. This return excludes dividends but includes price appreciation.

Is Netflix a safe stock? ›

Currently, Netflix has a Zacks Rank #1 (Strong Buy) and a Growth Score of B, a combination that offers the best opportunities in the growth investing space. Its shares have already outperformed the broader S&P 500 in the year-to-date period (+19.8% versus +6.4%).

Is it good to buy Netflix shares now? ›

Fair Value Estimate for Netflix

With its 2-star rating, we believe Netflix's stock is overvalued compared with our long-term fair value estimate of $425, which implies a multiple of 25 times our 2024 earnings per share forecast.

Is Netflix a good company to buy stock in? ›

Earnings per share grew by 83.3% to $5.28, while free cash flow of $2.1 billion was about 1% higher than in the prior-year period. Netflix's operating income and margin also saw strong growth. In sum, the company's Q1 performance was stellar.

When was Netflix stock the highest? ›

The latest closing stock price for Netflix as of April 26, 2024 is 561.23.
  • The all-time high Netflix stock closing price was 691.69 on November 17, 2021.
  • The Netflix 52-week high stock price is 639.00, which is 13.9% above the current share price.

Is Netflix stock tanking? ›

Netflix stock closed down 9.1% on Friday, after the company reported its first quarter earnings on Thursday. The dip followed Netflix's forecast that subscribers will be lower during the second quarter, which the company blamed on “seasonality.”

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