Netflix Price Target Raised to $333.00 at Cowen and Company (NFLX)
Stock analysts at Cowen and Company increased their price target on shares of Netflix (NASDAQ:NFLX) from $191.00 to $333.00 in a report issued on Tuesday, AnalystRatingsNetwork reports. Cowen and Company’s price target points to a potential upside of 3.25% from the company’s current price.
A number of other analysts have also recently weighed in on NFLX. Analysts at Citigroup Inc. raised their price target on shares of Netflix from $235.00 to $355.00 in a research note to investors on Tuesday. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Netflix from $260.00 to $350.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Netflix from $236.00 to $370.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $293.41.
Shares of Netflix (NASDAQ:NFLX) traded down 9.15% on Tuesday, hitting $322.524. 25,871,424 shares of the company’s stock traded hands. Netflix has a 1-year low of $53.05 and a 1-year high of $314.18. The stock’s 50-day moving average is $270.9 and its 200-day moving average is $224.9. The company has a market cap of $19.004 billion and a price-to-earnings ratio of 442.08. Netflix also was the recipient of unusually large options trading on Monday. Stock investors purchased 101,638 call options on the company. This is 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that Netflix will post $1.52 EPS for the current fiscal year.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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