- Netflix surged to the second position in streaming rankings with a 13.5% increase in viewership for June.
- Analysts predict a potential downside for NFLX stock with an average target price slightly below its current value.
- GuruFocus estimates a significant downside for Netflix based on GF Value, warranting cautious optimism from investors.
Netflix (NFLX, Financial) has captured the attention of investors with a striking rise in viewership, recording a remarkable 13.5% increase in June. This surge has propelled Netflix to the second spot in streaming platform rankings. According to Nielsen, this growth accounted for 42% of the month's total streaming increase, driven by standout shows like "Ginny & Georgia" and "Squid Game".
Wall Street Analysts Forecast
Wall Street remains cautiously optimistic about Netflix Inc (NFLX, Financial) with projections indicating a mixed outlook. Based on the one-year price targets from 42 analysts, the average target stands at $1,244.47. This is juxtaposed with a high estimate of $1,600.00 and a low of $726.11. The average target price hints at a potential downside of 1.51% from the current trading price of $1,263.49. For more detailed insights, visit the Netflix Inc (NFLX) Forecast page.
Bolstered by the consensus of 49 brokerage firms, Netflix is currently rated at an "Outperform" status with an average recommendation score of 2.0. On the rating scale where 1 represents a Strong Buy and 5 denotes a Sell, this positioning underscores a positive sentiment towards Netflix's market performance.
However, according to GuruFocus' estimates, the calculated GF Value for Netflix Inc (NFLX, Financial) is projected at $683.49 over the next year. This suggests a possible downside of 45.9% from the present price of $1,263.49. The GF Value is derived from the stock's historical trading multiples, past business growth, and future performance projections. Investors looking for comprehensive analysis can explore the detailed data on the Netflix Inc (NFLX) Summary page.
