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Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Shares of Apple and Alphabet are nabbing new all-time highs, climbing 3% and 6%, respectively, while Amazon and Microsoft jump 4% each.Most stock quote data provided by BATS. Netflix is far from the only big tech stock rallying Wednesday. Hardly phased by the market crash in March and April, Netflix shares are up 72% over the past year as millions of homebound Americans turn to stay-at-home entertainment during the pandemic. Netflix (NFLX) shares were reiterated overweight with a 700 price target at Morgan Stanley, as the investment bank expects 30 annual earnings growth until 2025. Regarding the latter point, Wlodarczak is doubtful competitors "can or will be able to keep up with Netflix content… with Disney+ and Hulu complementary, Amazon on the periphery and a reasonable shot that AT&T will mismanage HBO Max (in similar fashion to DirecTV)." Surprising Fact Netflix - Stock Price History NFLX The all-time high Netflix stock closing price was 691.69 on November 17, 2021.
"We have been consistently wrong about Netflix," Pachter said, "but optimism about the company’s potential to generate free cash flow growth of more than $1 billion per year seems to be misplaced." What To Watch Forīank of America notes that key risks to its bullish Netflix price target include the United States reaching a streaming saturation point more quickly than expected, a net neutrality repeal causing internet-service providers to charge Netflix more for their services, increasing content costs and heightened competition. He gave shares a price target of $340 after Tuesday's report, conceding that the firm "consistently surprises" him with subscriber growth but noting that he "continues to question" its current valuation. Wall Street's most bearish Netflix outlook comes from Wedbush Securities analyst Michael Pachter. "We've gone from a historical bear on Netflix to a card-carrying bull," Wells Fargo analyst Steven Cahall said after the report, upping his price target on shares by nearly 40% to $700 and upgrading the stock to overweight. "The company appears to operate in a virtuous cycle: The larger their subscriber base grows, the more they can spend on original content, which increases the potential target market for their service and enhances their ability to take future price increases." Wlodarczak was joined by other Netflix bulls Tuesday evening. "Netflix offers consumers an increasingly compelling and unique entertainment experience on virtually any device, without commercials and at a still relatively low cost," Wlodarczak said Tuesday. The 41 analysts offering 12-month price forecasts for Netflix Inc have a median target of 706.00, with a high estimate of 800.00 and a low estimate of 342.00. Bank of America also upped its Netflix price target after earnings to about $680, roughly 17% above current prices of about $580 but still much higher than the average $560 target among analysts issuing such guidance.