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Investment analysts at Topeka Capital Markets upped their price objective on shares of Netflix (NASDAQ:NFLX) from $421.00 to $517.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target indicates a potential upside of 20.70% from the stock’s previous close.

Shares of Netflix (NASDAQ:NFLX) opened at 428.35 on Friday. Netflix has a 52-week low of $205.75 and a 52-week high of $458.00. The stock has a 50-day moving average of $363.0 and a 200-day moving average of $377.9. The company has a market cap of $25.675 billion and a P/E ratio of 159.04.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Analysts expect that Netflix will post $4.18 EPS for the current fiscal year.

In other Netflix news, Insider Neil D. Hunt sold 5,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $419.48, for a total value of $2,097,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of other analysts have also recently weighed in on NFLX. Analysts at Oppenheimer raised their price target on shares of Netflix from $435.00 to $500.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Netflix from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $410.00 price target on the stock. Finally, analysts at Cantor Fitzgerald upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. They now have a $425.00 price target on the stock, up previously from $405.00. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $385.34.

Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.

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