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Analysts at FBR Capital Markets hoisted their price target on shares of Netflix (NASDAQ:NFLX) from $393.00 to $440.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price would indicate a potential upside of 2.07% from the stock’s previous close.

NFLX has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “positive” rating on shares of Netflix in a research note on Thursday, July 17th. Separately, analysts at Raymond James raised their price target on shares of Netflix from $450.00 to $500.00 in a research note on Friday, July 11th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Netflix from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $590.00 price target on the stock, up previously from $380.00. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $423.91.

Shares of Netflix (NASDAQ:NFLX) traded down 4.62% on Tuesday, hitting $431.09. 8,168,274 shares of the company’s stock traded hands. Netflix has a one year low of $239.91 and a one year high of $475.87. The stock’s 50-day moving average is $440.3 and its 200-day moving average is $396.4. The company has a market cap of $25.840 billion and a P/E ratio of 169.84.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 21st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts predict that Netflix will post $4.12 earnings per share for the current fiscal year.

Netflix, Inc is an Internet television network with more than 44 million members in over 40 countries.

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