Investing in Netflix stocks: Netflix has been one of the best-performing stocks in the last 6 months. NFLX has seen a surge of over 70% in the last 6 months. The NASDAQ100 has fallen about 6.5% in the last 6 months. However, NFLX is trading more than 50% below its 52-week high price. Netflix’s 52-week high price is $563.36, while its 52-week low price is $162.71.
After Netflix shares dropped below $350 by the end of January 2022, the shares started to crash in mid-November 2021. Netflix shares were then valued at over $690. When Netflix shares dropped below $170 in May 2022, NFLX experienced a major crash. The reversal in NFLX shares began in mid-July 2022. NFLX is above $300 at the time of writing.
Netflix (NASDAQ: NFLX) shares are rising in pre-open trade Thursday after Jefferies analysts upgraded the stock from Hold to Buy.
Despite cutting 2023 EPS estimates by 9%, analysts raised the price target by $75 to $385 per share due to AVOD (advertising-based video on demand) and password-sharing changes.
As a result of AVOD and incremental SVOD (subscription video on demand) members, Netflix is expected to generate over $40 billion in revenue by 2024. In 2024, Jefferies estimates adjusted EBITDA of $10.9B, higher than the current Street consensus.
Netflix, Inc. Common Stock (NFLX)
Key Data (Market Target Price)
|Industry||Consumer Electronics/Video Chains|
|1 Year Target||$302.00|
|52 Week High/Low||$544.27/$162.71|
|Forward P/E 1 Yr.||32.02|
|Earnings Per Share(EPS)||$11.16|
|Dividend Pay Date||N/A|
investing in Netflix shares
Due to concerns about streaming subscription fatigue, increased competition from Disney (DIS), Apple (AAPL), Amazon (AMZN), Comcast’s Peacock, Paramount, and CNN, as well as Warner Bros., Netflix (NFLX) shares plummeted by more than 50% last year. There are questions about Netflix’s new advertising-supported option, as well as discovery.
However, Netflix’s stock is up about 10% already in 2023, a surge that’s grabbing Wall Street’s attention ahead of next week’s fourth-quarter earnings report.
The US Dollar Index, which gauges the greenback’s performance relative to other key foreign currencies, has decreased slightly this year and is down more than 10% from its 52-week peak in September. Yet it was up almost 10% in 2022; this was a highly remarkable shift for the generally consistent foreign exchange market.
Netflix earned close to 60% of its revenue from outside the United States in the third quarter of the year. As such, any time the dollar depreciates, Netflix will be rewarded with stronger sales and earnings thanks to a more favorable currency conversion rate.
Netflix stock is tanking
When it reported first-quarter earnings on Tuesday, the streaming leader said it lost subscribers after its shares tanked earlier this year over concerns about subscriber growth. A total of 221.6 million subscribers subscribe to Netflix (NFLX). In the first quarter of 2022, the company lost 200,000 subscribers and expects to lose another two million in the second quarter. In the first three months of the year, 2.5 million subscribers were expected to sign up for the service.
Its stock fell 35% on Wednesday, wiping $50 billion off its value. Netflix’s first-quarter profit dropped to $1.6 billion from $1.7 billion a year earlier. Its revenue rose nearly 10% to $7.9 billion. In terms of the performance of the streaming king, this report cannot be overstated. Investors were concerned about the company’s growth coming into the earnings. The company’s stock has fallen more than 40% year to date. For over a decade, the company hasn’t lost subscribers.
Netflix price prediction
According to the latest long-term forecast, Netflix’s price prediction will hit $300 by the end of 2022 and then $500 by the end of 2023. Netflix will rise to $700 within the year 2024, $900 in 2025, $1,000 in 2026, $1,100 in 2027, $1,200 in 2028, $1,300 in 2029, $1,400 in 2030, $1,500 in 2032 and $1,600 in 2033
Netflix Stock Price Prediction 2022
The price started in 2022 at $602.44. Today, and traded at $289.57, so the price decreased by -52% from the beginning of the year. The forecasted price at the end of 2022 is $371 – and the year-to-year change -is 38%.
The rise from today to year-end: +28%. In the first half of 2023, the price will climb to $474; in the second half, the price would add $26 and close the year at $500, which is +73% to the current price
Netflix Stock Price Prediction 2025
These five years would bring a significant increase: the price would move from $500 to $1,286, which is up 157%. Netflix will start 2024 at $500, then soar to $613 within the first six months of the year and finish 2024 at $723. That means +150% from today.
Netflix Stock Price Prediction 2030
Netflix Stock Price Prediction 2030, the price would rise from $1,286 to $1,612, which is +25%. It will start 2029 at $1,286, then soar to $1,313 within the first half of the year, and finish 2029 at $1,341. It is about +363% from today.
Is Netflix Growing
Every year, Netflix spends more on content as it adds more original content to the platform. In 2021, it spent $17 billion on content.
The streaming leader added 2.41 million customers in the third quarter, exceeding internal forecasts as well as expectations on Wall Street. Netflix grew in all regions of the world and said in a shareholder letter on Tuesday that it expects to sign up another 4.5 million globally this period.
Analysts at several Wall Street firms raised their price targets for Netflix, with JPMorgan Chase & Co. and Deutsche Bank upgrading their ratings on the company.
Revenue for the quarter grew 5.9% to $7.93 billion, beating analysts’ projections. Profit of $3.10 a share also topped estimates, and the number of paying customers increased to 223.1 million.
Unveil Future Gaming
Netflix’s Vice President of Gaming, says that the company is looking into a Netflix cloud gaming platform.
The streaming platform first launched Netflix Games Studio last year. According to their Q3 earnings report, they currently offer 35 games.
According to their Q3 earnings report, they currently offer 35 games. An additional 55 games are now in development.
Netflix cloud gaming
A Netflix cloud gaming service would look to expand upon the company’s current video game offerings. At TechCrunch Disrupt, Verdu said, “it’s a value add. We’re not asking you to subscribe as a console replacement.
It’s a completely different business model. The hope is over time that it just becomes this very natural way to play games wherever you are.”
Currently, Netflix offers an impressive library of games, backed by Stranger Things3: The Game, Stranger Things: 1984, Into the Breach, Moonlighter, and others. An issue with Netflix’s gaming lineup is that it’s tricky to play these games.
Instead of playing through the app, you have to download them on an Android or iOS device while logged into your profile. The process seems a bit confusing, but in theory, cloud gaming services could help deliver these titles to a wider audience.
Netflix’s latest games(coming soon)
IMMORTALITY (Coming Soon)
In this thrilling interactive game from critically acclaimed director Sam Barlow, creator of Her Story and Telling Lies, a starlet vanishes. Her films are unreleased. Investigate the lost works of the silver-screen hopeful to unlock the secrets behind her disappearance.
What happened to Marissa Marcel? Brimming with talent, magnetism, and beauty, the young actress was poised for stardom — until, it seems, she evaporated into thin air. Piece it all together to uncover the truth behind this dark, hidden chapter in Tinseltown’s history.
FUN FACT: IMMORTALITY director Sam Barlow took as much influence from classic video games as he did from movies! The idea of rewinding film clips is akin to ‘running to the left in a Mario game’ whilst the mechanic of pausing and zooming in on an object for a match-cut is something he compares to ‘bullet time headshots’ in a first-person shooter!(investing in Netflix stocks)
Wild Things: Animal Adventures (Coming Soon)
Explore an immersive world and build your dream habitat with the help of best friends Liam the Lion and Emma the Elephant after a terrible storm in this colorful match-3 adventure game.
Play challenging puzzles, design and renovate the animal habitats, take care of cute critters and uncover the mystery behind the storm.
In this single-player game, players can unlock epic powers to blast through tons of levels and bring order to the Wildlands, design every building, home, and town, and customize your Wild Things with unique costumes.
FUN FACT: The idea of the Festival of Friendship is based on a real-life yearly event called the International Day of Friendship where friends who are like family, good friends, and even frenemies are cherished.
Rival Pirates (Coming Soon)
It’s a multiplayer battle royale. Make ’em walk the plank! Set sail, fire cannonballs and be the last boat standing among your enemies in this swashbuckling adventure.
Do you have what it takes to rule the seven seas? Choose two crew members and a trusty ship, then prepare for battle with players from around the world. Use cannon fire and special abilities to send your enemies to the bottom of the ocean.
Be the last ship left sailing to win! Up to 16 players can join the skirmish. Keep your ship from being destroyed to avoid elimination, and make your enemies suffer. In between battles, upgrade your crew and ship and unlock new lands to explore.
FUN FACT: Want a more traditional pirate ship experience? Try the Ship’s Wheel controls found within the Settings menu.
FAQ- investing in Netflix stocks
Can you invest in Netflix?
According to Wall Street analysts, investing in Netflix stocks could fall to $288.24 by Oct 19, 2023. The average Netflix stock price prediction indicates a downside of 0.46% from NFLX’s current share price of $289.57.
How much should I invest in Netflix?
Netflix Inc has a market capitalization of $119.3 billion in 2022, placing it in the 99th percentile of companies in the Online Services industry.
What is the analyst forecast of Netflix earnings in 2025?
According to Moffett Nathanson, Netflix could generate net U.S./Canada ad revenue of $1.7 billion and international ad revenue of $1 billion by 2025.
Are Netflix games successful?
Gameplay will become a completely immersive experience as technology advances. Imagine fully encompassing make-believe worlds that you control with your mind and body. The future of gaming will be shaped by technological advances and the rapid growth of the esports gaming community. (Investing in Netflix stocks)
Is Netflix planning to add games?
By the end of the year, the company plans to add 50 games to its platform. Netflix declined to provide adoption numbers for the current games. The platform has said it will not include advertisements in its games, and the titles will be available to subscribers. (Investing in Netflix stocks)
how to buy Netflix stocks?
Bank transfers and credit/debit cards are the most common ways to deposit funds. Some brokers accept deposits from electronic wallets like PayPal.
who is the CEO of Netflix?
Wilmot Reed Hastings Jr. (born October 8, 1960) is a billionaire businessman. He is the co-founder, chairman, and co-CEO of the company.