Netflix PT Raised to $355.00 (NFLX)
Investment analysts at Citigroup Inc. upped their price target on shares of Netflix (NASDAQ:NFLX) from $235.00 to $355.00 in a note issued to investors on Tuesday, Stock Ratings News reports. Citigroup Inc.’s price target indicates a potential upside of 10.07% from the stock’s previous close.
NFLX has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at UBS AG raised their price target on shares of Netflix 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 given a hold rating and seven have issued a buy rating to the stock. Netflix currently has a consensus rating of “Hold” and an average target price of $293.41.
Shares of Netflix (NASDAQ:NFLX) traded down 9.15% on Tuesday, hitting $322.524. The stock had a trading volume of 25,871,424 shares. Netflix has a one year low of $53.05 and a one 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 target of some unusual options trading on Monday. Traders purchased 101,638 call options on the stock. This is an increase of 195% compared to the average volume of 34,456 call options.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue 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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