Netflix Rating Reiterated by Needham & Company (NFLX)
Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a $425.00 price target on the stock. Needham & Company’s target price points to a potential upside of 19.72% from the company’s current price.
Shares of Netflix (NASDAQ:NFLX) opened at 354.99 on Tuesday. Netflix has a 1-year low of $57.40 and a 1-year high of $355.42. The stock’s 50-day moving average is $310.7 and its 200-day moving average is $249.8. The company has a market cap of $20.917 billion and a price-to-earnings ratio of 442.08. Netflix also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 101,638 call options on the stock. This represents an increase of approximately 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.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Netflix to $450.00 in a research note to investors on Tuesday. Separately, analysts at Evercore Partners upgraded shares of Netflix to an “equal weight” rating in a research note to investors on Tuesday. Finally, analysts at Northland Securities 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 “hold” rating on the stock. Five analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have issued a buy rating to the company. Netflix presently has a consensus rating of “Hold” and an average price target of $265.34.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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