Netflix (NFLX)

• Market cap: $530B
• 1 day: -0.44%
• 5 days: -3.85%
• 1 month: 2.07%
• 3 months: 35.59%
• 6 months: 48.18%
• Year to date: 40.42%
• 1 year: 90.75%
• 5 years: 136.94%
• 10 years: 1,131.68%
• Sector: Communication Services
• Industry: Entertainment

About: Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Employees: 14,000

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

96% more first-time investments, than exits

New positions opened: 278 | Existing positions closed: 142

20% more repeat investments, than reductions

Existing positions increased: 1,333 | Existing positions reduced: 1,114

14% more funds holding in top 10

Funds holding in top 10: 177 [Q4 2024] → 201 (+24) [Q1 2025]

2% more funds holding

Funds holding: 3,068 [Q4 2024] → 3,131 (+63) [Q1 2025]

2% more capital invested

Capital invested by funds: $315B [Q4 2024] → $322B (+$6.58B) [Q1 2025]

1.56% less ownership

Funds ownership: 82.34% [Q4 2024] → 80.79% (-1.56%) [Q1 2025]

16% less call options, than puts

Call options by funds: $14.3B | Put options by funds: $17.1B

Research analyst outlook

20 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1,070 14% downside
• Avg. target: $1,317 6% upside
• High target: $1,600 29% upside

20 analyst ratings

• positive: 16 80%
• neutral: 4 20%
• negative: 0 0%

Piper Sandler Matt Farrell	12% upside $1,400	Overweight Maintained	11 Jul 2025
JP Morgan Doug Anmuth	1% downside $1,230	Neutral Maintained	11 Jul 2025
Needham Laura Martin	20% upside $1,500	Buy Maintained	11 Jul 2025
Keybanc Justin Patterson	12% upside $1,390	Overweight Maintained	10 Jul 2025
Barclays Kannan Venkateshwar	12% downside $1,100	Equal-Weight Maintained	9 Jul 2025