Netflix PT Lowered to $325.00 (NFLX)
Northland Securities dropped their price objective on shares of Netflix (NASDAQ:NFLX) from $360.00 to $325.00 in a research note issued on Wednesday, AR Network reports. The firm currently has an “in-line” rating on the stock. Northland Securities’ target price would indicate a potential downside of 1.13% from the stock’s previous close.
Shares of Netflix (NASDAQ:NFLX) traded up 0.58% on Wednesday, hitting $330.625. The stock had a trading volume of 1,949,319 shares. Netflix has a 52 week low of $97.02 and a 52 week high of $389.16. The stock’s 50-day moving average is $357.4 and its 200-day moving average is $312.. The company has a market cap of $19.592 billion and a P/E ratio of 275.07.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital Partners cut their price target on shares of Netflix from $360.00 to $325.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Netflix in a research note to investors on Tuesday. Finally, analysts at MKM Partners raised their price target on shares of Netflix from $370.00 to $440.00 in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and twelve have given a buy rating to the company. Netflix has a consensus rating of “Hold” and a consensus target price of $331.15.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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