Fintel reports that on January 23, 2025, Wolfe Research upgraded their outlook for Netflix (NasdaqGS:NFLX) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 13.63% Downside
As of December 23, 2024, the average one-year price target for Netflix is $850.41/share. The forecasts range from a low of $555.50 to a high of $1,243.20. The average price target represents a decrease of 13.63% from its latest reported closing price of $984.57 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Netflix is 39,627MM, an increase of 1.61%. The projected annual non-GAAP EPS is 15.13.
What is the Fund Sentiment?
There are 4,177 funds or institutions reporting positions in Netflix. This is an increase of 146 owner(s) or 3.62% in the last quarter. Average portfolio weight of all funds dedicated to NFLX is -13.51%, an increase of 1,979.84%. Total shares owned by institutions decreased in the last three months by 0.22% to 413,578K shares. 
The put/call ratio of NFLX is 0.97, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,604K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 13,615K shares , representing a decrease of 0.08%. The firm decreased its portfolio allocation in NFLX by 1.37% over the last quarter.
Price T Rowe Associates holds 11,834K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 12,350K shares , representing a decrease of 4.36%. The firm decreased its portfolio allocation in NFLX by 3.10% over the last quarter.
Capital World Investors holds 11,763K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 11,906K shares , representing a decrease of 1.22%. The firm decreased its portfolio allocation in NFLX by 1.28% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 11,240K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 10,959K shares , representing an increase of 2.50%. The firm decreased its portfolio allocation in NFLX by 0.81% over the last quarter.
Jpmorgan Chase holds 9,432K shares representing 2.21% ownership of the company. In its prior filing, the firm reported owning 9,712K shares , representing a decrease of 2.97%. The firm increased its portfolio allocation in NFLX by 963.79% over the last quarter.
Netflix Background Information
(This description is provided by the company.)
Netflix is the world's leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
