Skip to content

Wall Street sets Netflix stock price for the next 12 months

Wall Street sets Netflix stock price for the next 12 months

Netflix (NASDAQ: NFLX) has been making moves across all fronts in recent months. Since the year started, the company announced more price hikes, pleasantly surprised investors with strong user growth but unpleasantly with the decision to no longer publish user figures.

In the stock market, NFLX shares have also been doing well and have generally been climbing despite the uncertainty stemming from the Darth Maul chart pattern in April, as well as the accompanying bearish blip.

Additionally, Netflix is currently trading near its 52-week highs and is, at the of publication, showing a bull flag chart pattern while forming a nice setup for a potential breakout, given that the current accumulation phase has been marked by reduced volume. 

Should NFLX shares break above the resistance level around $653.27 – very near its latest close – a significant upward movement might be initiated. On the other hand, Netflix has been trading in the red in the extended session, meaning that its support zone near $644 should also be closely watched.

Nonetheless, while the uptrend has mostly persisted, Netflix’s stock has been moving relatively slowly – at least when compared with other major companies in 2024, NFLX shares are less than $20 above their April highs.

With the recent moves and developments in mind, Finbold decided to analyze what experts and analysts believe is the next move for the streaming giant and where NFLX might find itself in 12 months’ time.

Analysts revise 12-month Netflix stock price target

Perhaps unsurprisingly given the mix of growth and uncertainty Netflix has been experiencing, analysts are, on average, cautiously bullish on NFLX shares and the company boasts an overall ‘moderate buy’ rating on TipRanks.

Out of the 36 experts represented on the stock analysis platform in the last 3 months, 23 consider NFLX stock a ‘buy,’ 12 deem it a ‘hold,’ and 1 believes Netflix shares are best sold.

The overall price target is, likewise, unconvincingly bullish as it stands at $657.98 – just 0.72% above Netflix price today of $653.26.

Wall Street sees Netflix at $700

Nonetheless, the most recent price target revisions are generally bullish. For example, late in May, Evercore ISI revised its prediction from $650 to $700 while retaining the buy rating. 

More recently, analysts at KeyCorp also reaffirmed their assessment that buying NFLX shares is a good idea, though their prince target boost was rather small, changing from $705 to $707.

The biggest Netflix bulls, it would appear, are with Pivotal Research Group, and consider it likely that the stock will hit $800 in the coming 52 weeks. 

It is also interesting to note that the prediction was published in mid-April, a time when NFLX was dropping on the uncertainty that followed the earnings report.

Finally, not all experts are bullish on Netflix and in mid-May, Benchmark raised its target to $450 – the street low – while confirming it still considers selling the right call for savvy traders.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.