Netflix stock forecast and price prediction
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.
| Brokerage firm | Price 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 → $342.00 |
Analysts recommendations
In the last month, 26 ratings were published for Netflix. General sentiment is bullish, with 19 out of 26 posting optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Apr 18th, 2021 | |
| UBS Group | |
| Apr 21st, 2021 | |
| Barclays | |
| Canaccord Genuity | |
| Cowen | Buy |
| Deutsche Bank Aktiengesellschaft | |
| JPMorgan Chase & Co. | |
| Macquarie | Neutral |
| Morgan Stanley | Buy → Buy |
| Needham & Company LLC | |
| Oppenheimer | |
| Piper Sandler | Buy |
| Pivotal Research | |
| Stifel Nicolaus | Neutral → |
| Truist | Neutral |
| Truist Securities | Neutral |
| Wedbush | Sell |
| Wolfe Research | Buy |
| Apr 27th, 2021 | |
| Canaccord Genuity | |
| Cowen | Buy |
| Deutsche Bank Aktiengesellschaft | |
| Macquarie | Neutral |
| Morgan Stanley | Buy |
| Piper Sandler | Buy |
| Pivotal Research | |
| Stifel Nicolaus | Neutral → |
| Wedbush | Sell |
Earnings and financials
In mid-April, Netflix, Inc. ($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
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
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.
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
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 onlyNetflix summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $487.86 |
| Close | $493.37 |
| Day range | $486.59 - $494.85 |
| Previous close | $486.66 |
| Session gain | 1.38% |
| Average true range | $13.07 |
| 50d mov avg | $519.34 |
| 100d mov avg | $527.45 |
| 200d mov avg | $514.10 |
| Earnings date | July 15th, 2021 |