Is Netflix a blue chip stock? (2024)

Is Netflix a blue chip stock?

Netflix (NASDAQ:NFLX) is an American content streaming service that is available by subscription in over 190 countries around the world. This blue-chip stock currently trades at a slight premium to its average analyst price target. For the first time in years, the company has the platform firing on all cylinders.

Is Netflix a blue-chip?

Netflix (NASDAQ:NFLX) is mounting an epic comeback, surging more than 200% following its 2022 slump, reasserting its position as a blue-chip stock.

Is Netflix a good stock to buy?

Netflix is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for NFLX's full-year earnings has moved 7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

What type of stock is Netflix?

Common Stock (NFLX) Stock Price, Quote, News & History. Nasdaq.

Is Netflix a good stock to buy in 2024?

However, based on Wall Street's earnings forecasts for 2024 and 2025, its P/E ratio falls to 34.2 and 27.7, respectively, on a forward basis. The Nasdaq-100 sports a P/E ratio of 29.7 today, so Netflix stock will have to rise between now and the end of 2025 to keep pace with the valuation of the broader tech sector.

What is the best blue-chip stock to buy?

Which stock is blue-chip?

Is Netflix a safe stock?

Shares have been on a tear, reflecting strong fundamentals. After its rapid ascent over most of the past decade thanks to its dominance in the burgeoning streaming landscape, Netflix (NFLX -0.62%) hit a bit of a rough batch. Slower revenue and subscriber growth caused the shares to tank 51% in 2022.

Will Netflix ever be profitable?

Valuation metrics suggest Netflix's return to profitability growth is heavily baked into its stock already, as its price-to-sales ratio (market capitalization divided by trailing 12-month revenues) and forward price-to-earnings ratio (share price divided by average projected profits per share over next 12 months) are ...

What do experts say about Netflix stock?

Netflix's reporting change will mark the start of the company's pivot from a "high-growth, low-profit business to a slow-growth, high-profit business," Wedbush Securities analyst Alicia Reese said in a client note. She reiterated her outperform rating on Netflix stock with a price target of 725.

Who owns most of Netflix stock?

Approximately 48.37% of the company's stock is owned by Institutional Investors, 5.26% is owned by Insiders and 46.37% is owned by Public Companies and Individual Investors. The ownership structure of Netflix (NFLX) stock is a mix of institutional, retail and individual investors.

Is Netflix a buy hold or sell?

Netflix has a conensus rating of Moderate Buy which is based on 26 buy ratings, 13 hold ratings and 1 sell ratings. What is Netflix's price target? The average price target for Netflix is $598.98. This is based on 40 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Who are the biggest investors in Netflix?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Fmr Llc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Price T Rowe Associates Inc /md/, Capital World Investors, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, and AGTHX - GROWTH FUND OF AMERICA ...

Is Netflix overvalued stock?

Netflix (NASDAQ:NFLX) stock is overvalued. That's the opinion of analysts at Benchmark, who maintained a Sell rating and $440 price target on the streaming giant's shares in a note Thursday, heading into the company's earnings release.

How high is Netflix stock expected to go?

Stock Price Forecast

The 32 analysts with 12-month price forecasts for Netflix stock have an average target of 623.56, with a low estimate of 370 and a high estimate of 800. The average target predicts an increase of 12.33% from the current stock price of 555.12.

Which share is best to buy today?

What is the most undervalued chip stock?

What are three blue-chip stocks?

Is Coca-Cola stock a good buy?

The highest analyst price target is $70.00 ,the lowest forecast is $58.00. The average price target represents 11.92% Increase from the current price of $58.91. What do analysts say about Coca-Cola? Coca-Cola's analyst rating consensus is a Moderate Buy.

Is Amazon a blue-chip stock?

Amazon Joins 29 Other 'Blue Chip' Companies in the Dow Jones Industrial Average. Feb. 24, 2024, at 2:00 p.m.

Is Coca-Cola a blue-chip stock?

Some examples of blue chip stocks are Coca Cola, Apple, IBM, American Express, McDonalds, DuPont, and American Express.

Which stocks are best for long term use?

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Is Netflix a long-term buy?

The stock looks like an attractive bet for the long term

The company told investors it will stop reporting its subscriber figures from 2025 onward, and that can be interpreted as a sign that sluggish growth is on the horizon.

Why would you buy Netflix stock?

Of course, the market has taken note of Netflix's more profitable advance as well -- thus the big stock run-up, especially since the start of 2023. Shares now trade for a premium 50 times trailing 12-month earnings, or nearly 40 times trailing 12-month free cash flow.

Is Netflix stock tanking?

Netflix stock closed down 9.1% on Friday, after the company reported its first quarter earnings on Thursday. The dip followed Netflix's forecast that subscribers will be lower during the second quarter, which the company blamed on “seasonality.”