Netflix Stock Price Prediction

Last Updated February 5th 2023
14 Min Read

Netflix is a prime example of a success story. The company has revolutionized the way most people around the world consume entertainment content. As the biggest and most popular streaming service, the platform offers a wide variety of award-winning TV shows, movies, anime, documentaries, and many more. How cool do you think it will be to invest in Netflix?

Like other big companies, Netflix offers its shares to the public. You can buy NFLX shares easily, but we recommend that you read through this Netflix (NFLX) stock price predictions before going ahead to buy. You need to know how the stock has performed in the past and how it is likely to perform in the future before making buying up. 

As our tradition demands, we are not going to rush you through some figures. Rather, we will discuss in detail what you need to know to determine if buying NFLX stock is the right move. We will also answer some crucial questions about investing in the Netflix stock. The goal is to make sure you have all you need to make an informed decision about investing in NFLX. 

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Content 

What You Need To Know About Netflix Inc. 

Netflix stock

Netflix Inc. is an American technology company that focuses on streaming media, pay television, and video-on-demand services. The company started as a full-fledged streaming service that offered a library of films and TV series through distribution deals. It is still fully involved in streaming services but has also metamorphosed into a production company with its own productions called Netflix Originals. 

Netflix was founded on 29th August 1997 by Reed Hastings and Marc Randolph. It is headquartered in Los Gatos, California and serves worldwide, except in Mainland China, North Korea, Iran, Crimea, and Syria. It currently has about 223 million subscribers worldwide. It is involved in film production, film distribution, television production, and television distribution in more than 35 languages. 

One of the reasons Netflix has become so popular in recent times is because it offers easy access to subscribers, regardless of where they are. The streaming website can be accessed through internet browsers on computers and apps installed on devices like smartphones, smart TVs, tablet computers, Blu-ray Disc players, digital media players, video game consoles, virtual reality headsets and many other compatible devices. 

Netflix can be classified as a technology company, an entertainment company, and a mass media company. It currently has several subsidiaries, including Netflix Pictures, Netflix Studios, Netflix Animations, DVD Netflix, Millarworld, StoryBots, Inc., Broke and Bones, Night School Studio, Grauman’s Egyptian Theater, Roald Dahl Story, Albuquerque Studios, and a few others. 

It is worthy to note here Netflix was ranked the eighth-most trusted brand in the world by Morning Consult in 2021. It will also interest you to know that Netflix was the top-performing stock in the S&P 500 stock market index during the 2010s. 

 

Price History Of Netflix (NFLX) Stock 

Before we start looking at how Netflix stock will perform in the future, it is important to discuss how it has performed in the past. Understanding its price history will help you determine whether the price predictions are realistic and whether investing in the stock is the right move to make. For the price history of NFLX, we will rely on data from Yahoo Finance

Netflix went public on 23rd May 2002. The company offered its shares for $15 per share and at the end of the first day of trading, the stock closed at $16.75. That closing price is $1.20 per present-day share after adjusting for stock splits. 

On 31st May 2002, the stock opened at $1.08 and closed at $1.00. On 1st December 2002, NFLX opened at $0.74 and closed at $0.79. It traded for less than $1 in the first two months of 2003 and on 1st March, it opened at $1.21 and closed at $1.45. On 31st August 2003, the Netflix stock opened at $2.37 and closed at $2.40. On 1st December 2003, it opened at $3.53 and closed at $3.91. 

On 1st January 2004, NFLX opened at $4.11, reached a maximum price of $5.68 and closed the day at $5.24. On 12 February 2004, it had a 2:1 stock split. On 30th June 2004, the stock opened at $5.10 and closed at an abysmal price of $2.93. The price drop continued for several months, and the stock traded within the $1 region in April 2005. It recovered to end 2005 at about $3.87. 

From January 2006 till February 2008, the Netflix stock struggled to make a reasonable gain. By 1st March 2008, however, it opened at $5.07 and closed at $4.57. On 1st December 2008, it opened at $3.17 and closed at $4.27. It did pretty well in 2009. On 1st December 2009, the stock opened at $8.22 and closed at $7.87. 

The Netflix stock reached the $10 mark in March 2010. On 30th June, it opened at $15.54 and closed at $14.65. On 1st December, it opened at $29.69 and closed at $25.10. 2011 started well for NFLX, and by June it had already reached $40. In the second half of the year, the price of the Netflix stock dropped significantly. On 1st December 2011, it opened at $9.20 and closed at $9.90. By September 2012, it dropped to around $7.80 before picking up slowly. On the first day of December 2012, it closed at $13.23. 

In 2013, the Netflix stock gained significantly from the $13.60 price on January 1st to $54.85 on December 1st. In 2014, it gained even more, reaching $69.90 on 31st August. 2015 was even a better year as the stock reached the $100 mark around May. On June 30th, it opened at $94.81, reached a high of $117.88 and closed at $114.31. On 15th July 2015, it had a 7:1 stock split. On December 1st 2015, NFLX opened at $124 and closed at $114.38. In 2016, the price of the stock fluctuated widely, dropping to $79 at a time and rising again to eventually close at $123.80 on 1st December. 

On 1st January 2017, Netflix stock opened at $124.96 and closed at $140.71. On 30th June, it opened at $149.80 and closed at $181.66. On 1st December 2017, the stock opened at $186.99 and closed at $191.96. 

2018 was a spectacular year for the Netflix stock. On 1st January, it opened at $196.10 and closed at $270.30. It reached the $300 mark as early as March. On 30th June 2018, the stock opened at $385.45 and closed at $337.45. On 1stth December, it opened at $293.19 and closed at $267.66. On 1st January 2019, it opened at $259.28 and closed at $339.50. On December 1st 2019, it opened at $314.39 and closed at $323.57. 

On 1st January 2020, NFLX opened at $373.11 and closed at $375.50. On 30th June, it opened at $454.00 and closed at $488.88. The next month (July), it reached the $500 mark. On 1st December 2020, the stock opened at $492.34 and closed at $540.73. 

2021 was another spectacular year for the Netflix stock as it reached the $600 mark in August and rose further to $700 in October. The stock opened on January 1st at $539.00 and closed at $532.39. On 30th June, it opened at $525.72 and closed at $517.57. On 1st December 2021, NFLX opened at $649.48 and closed at $602.44. 

On 1st January 2022, the Netflix stock opened at $605.61 and closed at $427.14. It dropped further throughout the month. On 1st February 2022, the stock opened at $432.96 and closed at $390.03. In the beginning of March NTFL stock was trading around $374, but by the end of April the price dropped to $190. In May and June, Netflix stock price fluctuated between $165 and $205. In July NFLX price took an upward trajectory and the stock closed the year at $294.

NFLX price chart

Netflix stock price chart. Source: TradingView

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Netflix (NFLX) Stock Price Predictions 

Now that you can see how the Netflix stock has performed over the years, it is time to consider how it is going to perform in the coming years. For the price prediction sections, we will use data from different authority prediction websites. 

According to the forecast, Netflix is predicted to increase over the coming years. The data prediction forecast that Netflix stock price is expected to rise to $310 in 2023, $514 in 2024, $690 in 2025, $867 in 2026, $980 in 2027, $1,068 in 2028 and $1,166 in 2029. Netflix (NFLX) stock prediction for 2030 is expected to reach $1,217.

Let’s move on to Netflix price forecasts year by year to determine whether now is still a good time to invest in.

Netflix (NFLX) Stock Price Prediction For 2023 

It is expected that Netflix stock will make a full recovery next year. According to forecast, Netflix should be able to reach an average price of $310 in 2023, with a high estimate of $480.

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Netflix (NFLX) Stock Price Prediction For 2024 

In 2024, it is expected that the Netflix stock will also grow significantly. If the stock manages to achieve its 2023 predictions, then it should also be able to reach $514 within the first six months of 2024. By the end of the year, it will trade at $607 per share. 

Netflix (NFLX) Stock Price Prediction For 2025 

By 2025, Netflix must have added several new contents to their library, including several Netflix Originals that can fetch lots of money. The growth is also expected to reflect on the price of its stock. By mid-2025, the projected price of the stock is $690. NFLX should be able to record more gain and reach $778 by the end of the year. 

The 39 analysts offering 2025 price forecasts for Netflix have a median target of $850, with a high estimate of $930 and a low estimate of $790. The average estimate represents a 118% increase from the current price. 

Netflix (NFLX) Stock Price Prediction For 2026 

By 2026, it is projected that Netflix stock price will reach $867 within the first six months. The stock will then gain slightly to close the year at $940 per share. 

Netflix (NFLX) Stock Price Prediction For 2027 

Have you ever wondered what the price of Netflix stock will be in the next five years? Well, 2027 is the year we project that NFLX will reach the $1,000. The stock should be able to rise to $980 within the first six months and then rise further to $1,045 at year-end. 

Netflix (NFLX) Stock Price Prediction For 2028 

Netflix (NFLX) stock price prediction for 2028 is $1,068 by mid-year and then $1,140 by the end of the year. Of course, this will depend on how it performs in the years before. If it performs as well as we have projected in the years before 2028, then this is achievable. 

Netflix (NFLX) Stock Price Prediction For 2029 

In 2029, the Netflix (NFLX) stock price would reach $1,166 by mid-year and then rise further to $1,191 before the year comes to an end. Of course, this will also depend on whether the previous predictions come to pass. It is a realistic prediction, based on how the stock has performed in the past and how Netflix as a company has grown in the last five years. 

Netflix (NFLX) Stock Price Prediction For 2030 

The Netflix (NFLX) future average stock price will reach $1,217 within the first six months of 2030. We do not expect that the price will fall at this time. The price of NFLX is then expected to improve further to reach $1,250 by the end of 2030. 

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Should You Invest In Netflix (NFLX) Stock? 

From all we have discussed, you can tell that Netflix is a really good company and its stock has performed relatively well over the years. The stock had an amazing year in 2018 and replicated the success in 2020. In 2021, the Netflix stock grew even at a higher pace. It has rewarded early investors greatly. 

Though NFLX has dropped in recent times, we don’t expect the decline to last too long. The stock is bound to pick up, and we believe another bullish run will see new investors rewarded handsomely too. If you fancy investing in Netflix, there is no reason why you shouldn’t go ahead. 

You must also remember that trading stocks is risky to some extent. So the Netflix stock comes with some elements of risks. However, it is safer than cryptocurrencies and many other investment vehicles. In fact, it looks like a pretty solid investment, going forward. 

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FAQs

Is Netflix stock a profitable investment?

Netflix is a profitable investment. The price of the shares has grown significantly since it was made available to the public in 2002. From our NFLX price forecast, you can also tell that the stock is going to gain more value in the coming years.    

Is Netflix Stock a good buy for 2023?

The simple answer is “YES”, the Netflix stock is a good buy for 2023. Now that the price has dropped, it is a good time for investors to start buying at the cheapest possible rates. Once it gets back to its growth path, the value of your investment will improve speedily.     

Is it too late to start investing in Netflix?

No, it is not too late to start investing in Netflix stock. The company is growing every day, and its stock will also improve significantly with time. Now is a good time to start investing if you want to partake in future profits.    

Is Netflix (NFLX) stock a good investment for the future?

Yes, Netflix NFLX stock is a potentially good investment for the future. As hinted earlier, the company is on the right path and will become a lot more valuable in the future. Owning a share of such a promising company is a good way to build wealth for the future.     

What will Netflix stock be worth in the next five years?

According to our predictions, NFLX should be worth up to $1000 in the next five years.

What will the Netflix stock be worth in the next ten years?

According to the data we have at the moment, Netflix (NFLX) stock could be worth up to $1300 in the next ten years (2032).    

Will NFLX reach $1000?

Yes, Netflix (NFLX) stock can reach $1000. In fact, we predict that the stock will get to this mark within the next five years. Considering that it had reached $700 in the past, NFLX can reach $1000 even quicker.    

Will the Netflix stock rise or drop in the future?

Netflix stock is more likely to rise in the future rather than drop further than it has done in recent times. The stock is expected to recover and then gain value steadily over the coming years.     

Is Netflix (NFLX) stock a risky investment?

Stock trading/investing is generally considered risky due to the volatile nature of the market. This implies that NFLX can be classified as a risky investment. However, it is safer than several other stocks and related investment vehicles.  

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