On July 5, 2023, Goldman Sachs upgraded Netflix’s (NASDAQ:NFLX) outlook from “Sell” to “Neutral.” The average one-year price target for Netflix is now $373.03, indicating a potential decrease of 15.50% from its latest closing price of $441.44. Analysts predict an annual revenue of $34.64 billion, reflecting an 8.56% increase, and a projected non-GAAP EPS of $10.75.
As of the latest quarter, 3,072 funds own shares in Netflix, up by 63 holders (2.09%). Institutional ownership rose by 10.07% to 468.27 million shares. The put/call ratio stands at 1.04, suggesting a bearish outlook among investors. Among major shareholders, Ofi Invest Asset Management holds 9.30% of Netflix, while Capital Research Global Investors increased its holdings by 12.73% over the last quarter.
