Loop Capital slashes price target on Netflix Inc. [NFLX] – find out why.

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Netflix Inc. [NASDAQ: NFLX] stock went on a downward path that fall over -5.16% on Wednesday, amounting to a one-week price decrease of less than -7.52%. The company report on September 6, 2023 at 12:00 PM that Netflix CFO to Present at the BofA Media, Communications & Entertainment Conference.

Netflix, Inc. (Nasdaq: NFLX) announced today that Spence Neumann, CFO, will present at the BofA Media, Communications and Entertainment Conference on Wednesday, September 13, 2023. Mr. Neumann is scheduled to present at 8:20 a.m. Pacific Time / 11:20 a.m. Eastern Time.

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A live webcast and replay of the presentation will be available on the investor relations section of the Netflix website at http://ir.netflix.net.

Over the last 12 months, NFLX stock rose by 74.29%. The one-year Netflix Inc. stock forecast points to a potential upside of 11.05. The average equity rating for NFLX stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $182.82 billion, with 443.88 million shares outstanding and 437.17 million shares in the current float. Compared to the average trading volume of 6.16M shares, NFLX stock reached a trading volume of 11798899 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Netflix Inc. [NFLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NFLX shares is $463.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NFLX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Loop Capital have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 25, 2023.

The Average True Range (ATR) for Netflix Inc. is set at 12.60, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 5.69. The Price to Book ratio for the last quarter was 8.01, with the Price to Cash per share for the same quarter was set at 19.34. Price to Free Cash Flow for NFLX in the course of the last twelve months was 42.92 with Quick ratio for the last quarter at 1.30.

NFLX Stock Performance Analysis:

Netflix Inc. [NFLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.52. With this latest performance, NFLX shares dropped by -3.63% in over the last four-week period, additionally plugging by 39.77% over the last 6 months – not to mention a rise of 74.29% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NFLX stock in for the last two-week period is set at 40.62, with the RSI for the last a single of trading hit 34.23, and the three-weeks RSI is set at 44.21 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 432.62, while it was recorded at 435.65 for the last single week of trading, and 364.61 for the last 200 days.

Insight into Netflix Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Netflix Inc. [NFLX] shares currently have an operating margin of +17.82 and a Gross Margin at +39.37. Netflix Inc.’s Net Margin is presently recorded at +14.21.

Return on Total Capital for NFLX is now 15.72, given the latest momentum, and Return on Invested Capital for the company is 12.78. Return on Equity for this stock inclined to 24.53, with Return on Assets sitting at 9.64. When it comes to the capital structure of this company, Netflix Inc. [NFLX] has a Total Debt to Total Equity ratio set at 81.49. Additionally, NFLX Total Debt to Total Capital is recorded at 44.90, with Total Debt to Total Assets ending up at 34.84. Long-Term Debt to Equity for the company is recorded at 79.78, with the Long-Term Debt to Total Capital now at 43.96.

Reflecting on the efficiency of the workforce at the company, Netflix Inc. [NFLX] managed to generate an average of $350,932 per employee. Receivables Turnover for the company is 23.36 with a Total Asset Turnover recorded at a value of 0.68.Netflix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NFLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Netflix Inc. go to 24.17%.

Netflix Inc. [NFLX] Institutonal Ownership Details

The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in NFLX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in NFLX stock with ownership which is approximately 5.7381%.

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