Netflix Given New $122.00 Price Target at Albert Fried & Company (NFLX)
Analysts at Albert Fried & Company increased their price objective on shares of Netflix (NASDAQ:NFLX) from $80.00 to $122.00 in a research report issued to clients and investors on Sunday, AnalystRatingsNetwork.com reports. The firm currently has an “underweight” rating on the stock. Albert Fried & Company’s target price would indicate a potential downside of 61.13% from the company’s current price.
A number of other firms have also recently commented on NFLX. Analysts at CRT Capital initiated coverage on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Thursday. They set a “fair value” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Netflix (NASDAQ:NFLX) in a research note to investors on Tuesday, September 17th. Finally, analysts at Lazard Capital Markets raised their price target on shares of Netflix (NASDAQ:NFLX) from $325.00 to $350.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock.
Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $228.48.
Shares of Netflix (NASDAQ:NFLX) opened at 313.83 on Friday. Netflix has a 1-year low of $53.05 and a 1-year high of $315.89. The stock has a 50-day moving average of $279.4 and a 200-day moving average of $229.2. The company has a market cap of $18.491 billion and a price-to-earnings ratio of 390.82.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts predict that Netflix will post $1.49 earnings per share for the current fiscal year.
In other Netflix news, CFO David B. Wells sold 4,884 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $298.98, for a total transaction of $1,460,218.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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