Northland Capital Partners Lowers Netflix Price Target to $325.00 (NFLX)
Northland Capital Partners cut their price target on shares of Netflix (NASDAQ:NFLX) from $360.00 to $325.00 in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a “market perform” rating on the stock. Northland Capital Partners’ price objective indicates a potential downside of 1.13% from the stock’s previous close.
NFLX has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of Netflix in a research note to investors on Tuesday. Separately, 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. Finally, analysts at Nomura initiated coverage on shares of Netflix in a research note to investors on Wednesday, January 15th. They set a “neutral” rating and a $360.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $330.29.
Netflix (NASDAQ:NFLX) opened at 328.71 on Wednesday. Netflix has a one year low of $97.02 and a one year high of $389.16. The stock has a 50-day moving average of $357.4 and a 200-day moving average of $312.. The company has a market cap of $19.478 billion and a price-to-earnings ratio of 276.18.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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