Netflix stock (NASDAQ:NFLX) currently trades at $409 per share, about 41% below its pre-inflation shock high of about $692 seen on November 17, 2021. In recent quarters, Netflix has benefited from stronger than expected per subscriber revenues, which have been driven by price increases. While it’s possible that the stock may recover to those levels, we presently estimate Netflix valuation to be around $363 per share, about 9% below the current market price.