Netflix stock forecast and price prediction

NFLX stock price: $493.37 1.38% At close on May 14th, 2021

Updated on:
May 17th, 2021

1

Netflix forecast brief

  • Netflix stock moved up 1.38% to close at $493.37 on the stock market last Friday.
  • Netflix, Inc. provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages.

Netflix stock price forecast

How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial information by the company, and many times. If you are a small investor you shouldn't trade based on these projections.

There are 25 price forecasts published for Netflix that average $594.76. Netflix closed at $493.37 last Friday, that is a 17.05% than the predicted price.

Netflix stock price predictions
Brokerage firmPrice target
Apr 18th, 2021
UBS Group $650.00
Apr 21st, 2021
Barclays $625.00
Canaccord Genuity $670.00$650.00
Cowen $675.00$650.00
Deutsche Bank Aktiengesellschaft $600.00$575.00
JPMorgan Chase & Co. $600.00
Macquarie $600.00$525.00
Morgan Stanley $700.00$650.00
Needham & Company LLC Not available
Oppenheimer $620.00
Piper Sandler $605.00$600.00
Pivotal Research $750.00$720.00
Stifel Nicolaus $550.00$560.00
Truist $630.00$600.00
Truist Securities $630.00$600.00
Wedbush $340.00$342.00
Wolfe Research $640.00$630.00
Apr 27th, 2021
Canaccord Genuity $670.00$650.00
Cowen $675.00$650.00
Deutsche Bank Aktiengesellschaft $600.00$575.00
Macquarie $600.00$525.00
Morgan Stanley $700.00$650.00
Piper Sandler $605.00$600.00
Pivotal Research $750.00$720.00
Stifel Nicolaus $550.00$560.00
Wedbush $340.00$342.00

Analysts recommendations

In the last month, 26 ratings were published for Netflix. General sentiment is bullish, with 19 out of 26 posting optimistic outlooks

Netflix analysts' ratings - Last month
Brokerage firmRating
Apr 18th, 2021
UBS Group Strong buy
Apr 21st, 2021
Barclays Strong buy
Canaccord Genuity Strong buy
Cowen Buy
Deutsche Bank Aktiengesellschaft Strong buy
JPMorgan Chase & Co. Strong buy
Macquarie Neutral
Morgan Stanley BuyBuy
Needham & Company LLC Strong sell
Oppenheimer Strong buy
Piper Sandler Buy
Pivotal Research Strong buy
Stifel Nicolaus NeutralStrong buy
Truist Neutral
Truist Securities Neutral
Wedbush Sell
Wolfe Research Buy
Apr 27th, 2021
Canaccord Genuity Strong buy
Cowen Buy
Deutsche Bank Aktiengesellschaft Strong buy
Macquarie Neutral
Morgan Stanley Buy
Piper Sandler Buy
Pivotal Research Strong buy
Stifel Nicolaus NeutralStrong buy
Wedbush Sell

Earnings and financials

In mid-April, Netflix, Inc. ($NFLX) reported EPS for that highly improved analysts' expectations. Quarterly EPS was $3.75 per share versus the estimated $2.96. This Q1 report represents an earnings surprise of 26.69%. On the contrary, the company reported revenue for this quarter was $7.2 billion in line with analysts' forecasts.

Same quarter last year, reported EPS was $1.57, so current EPS means an improvement of 138.85%. Turnover skyrocketed a 24.20% on an annualized basis in the , from $57.7B to $71.6B last quarter.

Netflix ($NFLX) is posting quarterly earnings report next July. Analysts predict of $3.15, that is a 16.00% lower than Q1.

Netflix stock: buy or sell?

Is $NFLX stock a buy?

Netflix received 26 ratings in the last 30 days: 19 bullish, 3 bearish and 4 neutral.

Currently, Netflix stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $NFLX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Is it time to sell Netflix stock?

In the current situation of Netflix there is not any eligible sell setup, so Netflix stock holders with operations in green can keep their positions

Netflix stock technical predictions

SMAs overview

NFLX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $496.68 (0.67% above)
  • R2: $510.82 (3.54% above)
  • R3: $543.12 (10.08% above)
  • The current supports are:

  • S1: $492.85 (-0.11% below)
  • S2: $485.67 (-1.56% below)
  • S3: $478.63 (-2.99% below)
  • Bollinger bands

    NFLX stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being helpful in making any decisions.

    NFLX stock RSI chart

    Netflix stock price history

    Netflix went public on May 23rd, 2002 priced at $1.16 per share1. Since then, NFLX stock surged by 42,431.90%, with an average of 2,357.33% per year. An investment of thousand dollars on May 2002 would be valued $425,318.97 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    NFLX stock price history chart

    Disclaimer:
    The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the particular scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for learning reasons only

    Netflix summary

    Friday, May 14th, 2021
    Open$487.86
    Close$493.37
    Day range$486.59 - $494.85
    Previous close$486.66
    Session gain1.38%
    Average true range$13.07
    50d mov avg$519.34
    100d mov avg$527.45
    200d mov avg$514.10
    Earnings dateJuly 15th, 2021

    Frequently asked questions

    What is Netflix stock symbol?

    Netflix, Inc. is a public company trading in the US stock market with the NFLX symbol

    Will NFLX go up?

    Netflix had different price forecasts posted by market analysts in the last 30 days forecasting the target price to $594.76. That is a 20.55% than the current price ($493.37).