Netflix (NFLX) Celebrates 19 Years of Streaming with 315M Subscribers and Stock at $88.09
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Significant User Growth: Since launching its streaming service on January 16, 2007, Netflix has amassed over 315 million global subscribers, demonstrating its strong growth potential in the streaming market.
- Strong Stock Performance: On its 19th anniversary, Netflix's stock trades at $88.09, a remarkable increase from $0.32 in 2007, reflecting market confidence in its future development.
- Advertising Revenue Outlook: Analysts predict that Netflix's advertising revenue will become its primary revenue source by 2026, with significant growth expected in 2027, indicating a strategic shift towards the advertising market.
- Earnings Report Preview: Netflix is set to release its fourth-quarter earnings next week, with an expected EPS of $0.55 and revenue of $11.97 billion, drawing significant market attention that could impact its stock price.
Analyst Views on NFLX
Wall Street analysts forecast NFLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NFLX is 139.13 USD with a low forecast of 95.00 USD and a high forecast of 160.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
36 Analyst Rating
28 Buy
7 Hold
1 Sell
Strong Buy
Current: 88.050
Low
95.00
Averages
139.13
High
160.00
Current: 88.050
Low
95.00
Averages
139.13
High
160.00
About NFLX
Netflix, Inc. is a provider of entertainment services. The Company acquires, licenses and produces content, including original programming. It provides paid memberships in over 190 countries offering television (TV) series, films and games across a variety of genres and languages. It allows members to play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. The Company offers members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices. It is engaged in scaling its streaming service, such as introducing games and advertising on its service, as well as offering live programming. It is developing technology and utilizing third-party cloud computing, technology and other services. The Company is also engaged in scaling its own studio operations to produce original content.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
