Share on StockTwits

Netflix (NASDAQ:NFLX)‘s stock had its “neutral” rating reiterated by equities researchers at Nomura in a research report issued on Thursday, reports. They currently have a $375.00 target price on the stock, up from their previous target price of $360.00. Nomura’s price target indicates a potential upside of 12.37% from the company’s current price.

The analysts wrote, “Netflix domestic subscriber additions for the quarter came in modestly ahead of our estimates, as did the guidance for 1Q estimates, and we acknowledge the traction in the underlying business,” the report noted. “However, Street expectations for FY15 may already be fully reflective of underlying optimism. Our new target price of $375 is based on a sum-of-the-parts valuation, which ascribes a 21x 2015 EV/EBITDA multiple to the domestic streaming business. The market expectation implies that Netflix is valued 60%-70% greater than HBO, and the market (including us) value Netflix at >20x 2015E EV/EBITDA, which is double the valuation multiples of HBO and Showtime. FY14E EPS from $3.72 to $3.52; FY15E EPS from $6.71 to $6.49.”

Shares of Netflix (NASDAQ:NFLX) opened at 333.73 on Thursday. Netflix has a one year low of $139.62 and a one year high of $389.16. The stock’s 50-day moving average is $356.5 and its 200-day moving average is $312.6. The company has a market cap of $19.776 billion and a P/E ratio of 279.27. Netflix also was the recipient of unusually large options trading on Wednesday. Investors acquired 75,986 call options on the company. This is an increase of approximately 192% compared to the average volume of 26,055 call options.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 24.3% compared to the same quarter last year. On average, analysts predict that Netflix will post $1.75 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on NFLX. Analysts at RBC Capital raised their price target on shares of Netflix from $440.00 to $500.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Netflix in a research note to investors on Thursday. Finally, analysts at CRT Capital upgraded shares of Netflix from a “fair value” rating to a “buy” rating in a research note to investors on Thursday. They now have a $475.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $338.44.

Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.