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Equities research analysts at Stifel Nicolaus upped their price target on shares of Netflix (NASDAQ:NFLX) from $475.00 to $500.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 15.99% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Netflix in a research note on Tuesday. They now have a $425.00 price target on the stock, up previously from $405.00. Separately, analysts at RBC Capital raised their price target on shares of Netflix from $500.00 to $530.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Netflix from $393.00 to $440.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the company. Netflix presently has an average rating of “Hold” and an average target price of $423.91.

Shares of Netflix (NASDAQ:NFLX) traded down 4.62% on Tuesday, hitting $431.09. The stock had a trading volume of 8,168,274 shares. Netflix has a 52 week low of $239.91 and a 52 week high of $475.87. The stock has a 50-day moving average of $440.3 and a 200-day moving average of $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. Analysts expect that Netflix will post $4.12 EPS 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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