AllAnalyst Report
logoArgusMarch 23, 2021

Netflix, Inc.: Upgrading to BUY with $650 target price

Symbols
NFLX
Sector(s)
Communication Services
Rating
Current Price
$493.37
Price Target
$NaN
Earnings Estimate
Summary

Netflix is an internet subscription video-on-demand distributor of movies and television shows worldwide (except China). Members have unlimited access to the Netflix content library for a fixed monthly subscription fee. The company also runs a DVD-by-mail rental business in the U.S. Netflix derives about 49% of its revenue from outside the U.S.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Try it Free

Analyst Profile

Joseph F. Bonner, CFA

Senior Analyst: Communication Services & Technology
Joe covers the Communication Services sector and selected software technology stocks for Argus. In 2010, he was named #5 Stock Picker for Telecom Services in the Wall Street Journal's Best on the Street Analyst Survey. In 2008, Joe was named #1 Stock Picker for Media: U.S. by the Financial Times and was second in the Wall Street Journal's Best on the Street Analyst Survey for Telecommunications: Fixed Line. For more than a decade, Joe worked with Technicolor Inc., where he focused on financial and legal issues. He received his Masters in Business Administration from Fordham University in New York, where he concentrated in Finance. He earned a BA in International Affairs from the George Washington University, and spent three years with the Peace Corps in Talgar, Kazakhstan, developing an English Language resource center and teaching students. Joe is a CFA charterholder.