Is it safe to invest in Netflix? (2024)

Is it safe to invest in Netflix?

With its 2-star rating, we believe Netflix's stock is overvalued compared with our long-term fair value estimate of $440, which implies a multiple of 24 times our 2024 earnings per share forecast.

Is it wise to invest in Netflix?

Netflix stock has a best-possible IBD Composite Rating of 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better. Netflix stock has an IBD Relative Strength Rating of 92 out of 99.

Is Netflix a good stock to buy in 2024?

Financial Strength

Even after funding all content costs, including spending that was delayed in 2023 due to actors' and writers' strikes, we expect over $6 billion in free cash flow in 2024. We expect free cash flow to grow each year throughout our forecast.

How do I invest in Netflix and make money?

You can buy Netflix stock through a brokerage account. You'll need to add money to the account and then search within the brokerage's platform using the symbol "NFLX." You can also buy Netflix stock through Netflix's direct stock purchase plan.

Is Netflix a long-term stock?

Its bottom-line is projected to rise 63.5% year-over-year for 2024, while Wall Street anticipates its top line to improve by 15.3%. 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.59 to $19.67 per share for 2024.

Which are the best stocks to invest in 2024?

Why is Netflix stock falling?

Netflix (NFLX) shares are down about 10% over the past month, fueled by a mid-July sell-off that came after the company reported revenue guidance that missed Wall Street's expectations for the current quarter.

Is Netflix a buy right now?

Currently, Netflix has a Zacks Rank #1 (Strong Buy) and a Growth Score of B, a combination that offers the best opportunities in the growth investing space. Its shares have already outperformed the broader S&P 500 in the year-to-date period (+19.8% versus +6.4%).

How high is Netflix stock expected to go?

Average Price Target

Based on 37 Wall Street analysts offering 12 month price targets for Netflix in the last 3 months. The average price target is $786.34 with a high forecast of $925.00 and a low forecast of $550.00. The average price target represents a 4.20% change from the last price of $754.68.

What is the future for Netflix?

Looking ahead, Reinhard announced Netflix will launch an in-house advertising technology platform, by the end of 2025. This will give advertisers new ways to buy, new insights to leverage, and new ways to measure impact.

How to invest with Netflix for beginners?

How much is it to buy stock in Netflix?

Does Netflix pay dividends?

Of course, it would not do this because it would deprive the company of cash to invest in growth and debt repayment. Content costs are high, which is a big reason why Netflix does not pay dividends.

What if you invested $1000 in Netflix 20 years ago?

The company's stock traded around $2.50 per share 20 years ago. If you had invested $1,000, you could have bought 400 shares of Netflix stock. Currently, shares are trading at $599.39, which means your investment's value could have soared to $239,756 due to stock price appreciation. The company does not pay dividends.

Are Netflix shares worth buying?

Out of the 37 analysts covering the stock, 10 have a Hold recommendation and two recommend selling. Meanwhile, the remaining analysts recommend a Buy. Furthermore, the average price target for NFLX is $720.16, indicating little to no upside potential. Conclusion.

Who holds the most Netflix stock?

Who owns Netflix? Netflix (NASDAQ: NFLX) is owned by 82.08% institutional shareholders, 6.24% Netflix insiders, and 11.68% retail investors. Rick Kimball is the largest individual Netflix shareholder, owning 8.01M shares representing 1.87% of the company. Rick Kimball's Netflix shares are currently valued at $6.06B.

Which is the best share to buy under $100?

What are the top 10 stocks to buy right now?

What stock is going to boom in 2024?

Is Netflix stock expected to rise?

Shares of Netflix are up more than 30% this year, and despite that pop, the stock is still priced at a valuation of more than 35 times earnings forecasts for 2024, a reasonable, if not exactly cheap, price given that analysts are predicting EPS to increase by 43% this year.

Is Netflix doing well financially?

“Netflix reported yet another strong quarterly result with moderately better than consensus third-quarter subscriber growth, higher-than-forecast third-quarter revenue growth…, much better than expected third-quarter free cash flow and raised '24 revenue, operating margin and free cash flow guidance,” the analyst ...

Is Netflix stock overpriced?

The intrinsic value of one NFLX stock under the Base Case scenario is 387.75 USD. Compared to the current market price of 756.1 USD, Netflix Inc is Overvalued by 49%.

Is Apple buying Netflix?

Speaking at the South by Southwest Festival in Austin, Texas on Monday, Eddy Cue, senior vice president of software and services at Apple, disputed claims that his employer could be interested in purchasing Disney or Netflix, adding that Apple is not in the business of buying large companies.

How to start investing in Netflix?

What stocks are strong buys right now?