Netflix Price Target Raised to $300.00 at Northland Securities (NFLX)
Analysts at Northland Securities lifted their price objective on shares of Netflix (NASDAQ:NFLX) from $225.00 to $300.00 in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Northland Securities’ target price points to a potential downside of 15.49% from the company’s current price. The analysts noted that the move was a valuation call.
Netflix (NASDAQ:NFLX) opened at 354.99 on Thursday. Netflix has a 52 week low of $57.40 and a 52 week high of $355.42. The stock has a 50-day moving average of $310.7 and a 200-day moving average of $249.8. The company has a market cap of $20.917 billion and a P/E ratio of 442.08. Netflix also was the target of some unusual options trading on Monday. Traders acquired 101,638 call options on the company. This represents an increase of 195% compared to the typical volume of 34,456 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.04. The company had revenue of $905.00 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 22.2% compared to the same quarter last year.
NFLX has been the subject of a number of other recent research reports. Analysts at Northland Capital Partners raised their price target on shares of Netflix from $225.00 to $300.00 in a research note to investors on Thursday, October 17th. They now have a “market perform” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Netflix from $80.00 to $140.00 in a research note to investors on Wednesday, October 16th. They now have an “underperform” rating on the stock. Finally, analysts at Hudson Square Research downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 16th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have given a buy rating to the company. Netflix has a consensus rating of “Hold” and a consensus target price of $269.34.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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