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Netflix joins the exclusive $100 billion club

Netflix is now worth more than $100 billion, joining a prestigious club of companies with a market value of 12 digits...

Posted: Jan 23, 2018 6:22 PM
Updated: Jan 23, 2018 6:22 PM

Netflix is now worth more than $100 billion, joining a prestigious club of companies with a market value of 12 digits.

Shares of Netflix surged 10% Tuesday to a new record after the company reported a bigger-than-expected gain in subscribers and a bullish outlook for the first quarter. Netflix's market value ballooned to $110 billion as a result.

That makes Netflix worth slightly more than Dow components Goldman Sachs, Caterpillar and United Technologies and a tad below the market value of Nike.

Netflix is now one of 59 companies in the S&P 500 worth at least $100 billion, according to data from FactSet.

Netflix is also widening the gap between it and other big Hollywood content companies -- many of which it still partners with for content.

It is worth more than CBS, Viacom, Sony, 21st Century Fox and CNN owner Time Warner.

Still, Netflix has a way to go before it catches up to the media sector's largest companies.

Disney is worth $166.5 billion and will get bigger if its plans to buy the studio assets of Fox are approved. NBC Universal owner Comcast has a market cap of just under $200 billion.

Related: Netflix adds a record 8 million subscribers

Then there are some of the newer contenders in the media landscape.

AT&T, which is looking to buy Time Warner, is worth nearly $230 billion. The deal's fate is uncertain though, since the Department of Justice has sued to block it.

Ma Bell's telecom rival Verizon is stepping up its efforts in the content world too, purchasing AOL and much of the assets of Yahoo and lumping them together in a new subsidiary dubbed Oath. Verizon's market value is a little more than $215 billion.

Netflix -- as well as all the other major media companies -- are also considerably smaller than four tech titans that have been investing more in the world of content lately: Apple, Google owner Alphabet, Amazon and Facebook.

But none of that diminishes Netflix's "crowning" achievement. (Can't wait for season 3 of "The Crown!") Wall Street is predicting even bigger gains ahead too. More than two dozen analysts upgraded their price target on Netflix's stock Tuesday morning.

The highest price target for Netflix is now $303 a share, up another 20% from current levels.

At that price, Netflix would be worth $131 billion, which would vault it ahead of UPS, Texas Instruments and Union Pacific and put it within striking distance of passing struggling GE.

Time to cue up that popular mind blown GIF of "Stranger Things" star Millie Bobby Brown!

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 153270

Reported Deaths: 3807
CountyCasesDeaths
DeSoto10332104
Hinds10190199
Harrison7244111
Jackson6521124
Rankin5805103
Lee523695
Madison4964107
Forrest388286
Jones367788
Lauderdale3575147
Lafayette334952
Washington3241108
Lamar296650
Oktibbeha251362
Lowndes243864
Bolivar242984
Panola229653
Neshoba2241118
Marshall221250
Leflore207791
Monroe203978
Pontotoc202929
Lincoln194865
Sunflower192555
Warren178757
Tate177051
Union171026
Copiah167040
Pike164758
Yazoo158840
Scott157930
Itawamba156135
Alcorn154828
Pearl River154168
Coahoma151943
Simpson151953
Prentiss149531
Adams144451
Grenada142845
Leake139444
Holmes132361
Tippah128030
Covington127939
George126425
Winston124526
Hancock123640
Wayne120623
Marion118646
Attala117534
Tishomingo110842
Chickasaw109032
Newton108029
Tallahatchie97727
Clay93427
Clarke93053
Jasper84822
Stone80015
Calhoun78113
Walthall77229
Montgomery75825
Carroll74015
Lawrence73414
Smith72816
Noxubee72517
Yalobusha72328
Perry68126
Tunica62319
Greene61222
Claiborne58916
Jefferson Davis58817
Amite55814
Humphreys54719
Benton49918
Quitman4977
Webster46414
Kemper44718
Wilkinson40422
Jefferson36411
Franklin3535
Choctaw3507
Sharkey32317
Issaquena1204
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Alabama Coronavirus Cases

Cases: 249524

Reported Deaths: 3578
CountyCasesDeaths
Jefferson33064500
Mobile19951362
Madison13596148
Tuscaloosa13246154
Montgomery12435236
Shelby1061677
Baldwin889098
Lee781466
Morgan686150
Etowah643966
Calhoun6430121
Marshall635355
Houston537738
DeKalb492236
Cullman451542
Limestone433345
St. Clair432555
Lauderdale422354
Elmore412964
Walker3710111
Talladega359354
Jackson329823
Colbert329642
Blount299740
Autauga278042
Franklin256434
Coffee248315
Dale236254
Chilton227438
Dallas226832
Russell22383
Covington220434
Escambia198931
Tallapoosa184391
Chambers177950
Pike159914
Clarke159819
Marion143636
Winston135123
Lawrence131636
Pickens125718
Geneva12438
Marengo123124
Bibb119617
Barbour117811
Butler117842
Randolph104921
Cherokee103424
Hale97831
Fayette92516
Washington92219
Clay92024
Henry8756
Lowndes80229
Monroe79011
Cleburne77814
Macon74522
Crenshaw72030
Bullock70219
Perry6906
Lamar6898
Conecuh68814
Wilcox64218
Sumter58622
Greene42818
Choctaw42713
Coosa3544
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