![]() Swinburne issued a longer term price target of $700 by March 2022, with an expected range of $420-$900. He also remains bullish about the Netflix long-term stock forecast, listing Netflix as one of Morgan Stanley’s ‘’ quality stocks for a long-term holding period. Morgan Stanley’s Swinburne boosted Netflix’s price target from $650 to $675 on 15 October, and rated the stock ‘overweight’. Though analysts are bullish about Netflix’s short-term prospects, does this optimism extend over the longer term? The current analyst price target consensus is $640.54. Netflix price targets range from a low of $342 to a high of $800. Twelve-month projections for Netflix are largely bullish, with the analyst rating consensus for Netflix currently ‘buy’, with 29 ‘buy’ ratings, 8 ‘hold’ and 3 ‘sell’, according to the data aggregated by MarketBeat. They view this as a potential risk, stating that “Netflix’s ability to effectively manage costs will dictate its future prospects”. Zacks analysts expect Netflix’s costs from streaming content obligations to increase over the coming years, as it looks to produce more localised content. ![]() Long-term debt stood at $14.7bn in Q3 2021, and streaming content obligations were $22.4bn, against $7.52bn cash and cash equivalents. Some analysts have also raised concerns about Netflix’s high costs. “We believe this price differential will cause lower subscriber growth than we had previously expected… we expect that Netflix will not make any major price hike in the next few years due to sensitivity around the economic impact of Covid-19 and the impact from increased competition.” New content, new costs It now hopes to defend its position against rivals like Disney+ and Paramount+ by producing more original content. It reached a record high of over $700 on 17 November 2021, and the share price currently sits at $663.84 (30 November).ĭuring the pandemic, Netflix dominated the US streaming market, taking a 34% share of total video streaming according to the data from Nielsen. Netflix stock value climbed over the course of the pandemic, but with fluctuations along the way. Many of Netflix’s 2020 releases like Tiger King, Bridgerton and The Queen’s Gambit became part of the cultural zeitgeist, and Netflix series accounted for “nine out of the ten most searched shows globally in 2020”. The pandemic meant more time at home and an almost insatiable demand for streaming. The share price grew steadily between 20, climbing from around $130 to approximately $340 in March 2020. Global membership passed 100 million in 2017, and quickly doubled to 200 million by 2021. It first introduced streaming services in 2007, and in 2015, produced its first original feature film. ![]() Netflix made its stock market debut in 2002, trading under the NASDAQ ticker NFLX at $15 per share. The past twenty years have seen Netflix undergo incredible growth and change – what could the next five bring? Now a streaming giant, Netflix has generated revenues of over $24bn so far this year – but less than 1% of that came from DVD rentals. In 1997 Netflix (NASDAQ: NFLX) was born: originally offering customers the chance to rent DVDs by post, it launched the world’s first DVD rental and sales site the following year. Red more: Apple (AAPL) stock forecast for 2025 driven by new car.Long-term algorithmic predictions for Netflix.US30 US Wall Street 30 (USA 30, Dow Jones)
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