Goldman Sachs Raises Netflix Price Target to $960

Netflix (NASDAQ:NFLX) has seen its price target lifted by The Goldman Sachs Group from $850.00 to $960.00, according to a research report released to investors on Wednesday morning. Goldman Sachs has also maintained a "neutral" rating on Netflix's stock.

• Netflix Stock Positioned for Explosive Growth in 2025

Several other brokerage firms have recently shared their views on NFLX as well. Argus raised their price target for Netflix from $840.00 to $1,040.00, upgrading the stock to a "buy" rating in a report dated January 6th. Pivotal Research increased their price target from $1,100.00 to $1,250.00, giving the stock a "buy" outlook in a note released Wednesday. Additionally, Wedbush reaffirmed an "outperform" rating while raising their price target to $950.00, up from $800.00, as noted in a report on November 18th. Benchmark also made a change, upgrading Netflix from a "sell" rating to a "hold" rating on Wednesday. BMO Capital Markets declared an "outperform" rating and increased its target price to $1,175.00, which was an improvement from its previous estimate of $1,000.00.

Currently, nine analysts have rated Netflix with a hold rating, while twenty-six have given it a buy rating. There is one strong buy rating as well. The consensus rating for Netflix stands at "Moderate Buy" with an average target price of $993.82, based on data from MarketBeat.com.

Netflix Trading Performance

On Wednesday, Netflix shares opened at $953.99. The stock's 50-day moving average is $886.64, and its 200-day moving average sits at $762.07. Netflix has a quick ratio of 1.13, along with a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company's market capitalization reaches $407.79 billion, with a price-to-earnings (P/E) ratio of 48.11 and a P/E to growth (P/E/G) ratio of 1.41. Over the past year, Netflix has seen a low of $481.40 and a high of $999.00.

In its most recent earnings report, released on January 21st, Netflix reported earnings per share (EPS) of $4.27, surpassing analyst expectations of $4.20 by $0.07. The company recorded a net margin of 22.34% and a return on equity of 39.48%. Netflix's revenue for the quarter stood at $10.25 billion, exceeding forecasts of $10.14 billion. Compared to the same quarter last year, Netflix's revenue has increased by 16.0%. Analysts predict that Netflix will achieve 23.43 EPS for the current fiscal year.

Insider Trading Activity

In recent insider trading news, Director Richard N. Barton sold 6,364 shares on January 7th at an average price of $879.38, collectively valued at $5,596,374.32. After this transaction, Barton holds 246 shares worth approximately $216,327.48, reflecting a 96.28% decrease in his ownership. This sale was disclosed in regulatory filings. Furthermore, Chairman Reed Hastings sold 41,601 shares on November 1st at an average price of $758.06, with a total transaction value of $31,536,054.06. Hastings now owns 85 shares valued at around $64,435.10, representing a 99.80% decrease in his position. Over the past ninety days, insiders have sold a total of 152,198 shares valued at $127,616,898, with corporate insiders holding approximately 1.76% of the stock.

Institutional Investments in Netflix

Several institutional investors have made changes to their stakes in Netflix. RPg Family Wealth Advisory LLC acquired a new position in Netflix valued at $25,000 during the third quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings by 700.0%, owning now 48 shares worth $34,000 after purchasing an additional 42 shares last quarter. Other institutional investors active in the previous quarter included MidAtlantic Capital Management Inc., FSA Wealth Management LLC, and First Personal Financial Services, with positions valued at approximately $37,000, $38,000, and $40,000, respectively. Overall, institutional investors hold 80.93% of Netflix's shares.

About Netflix

Netflix, Inc. offers streaming entertainment services, providing a variety of TV series, documentaries, feature films, and games across multiple genres and languages. Members can access content through a wide array of internet-connected devices, including televisions, digital video players, set-top boxes, and mobile devices.

Netflix, Stocks, Goldman