Netflix (NASDAQ:NFLX) Price Target Raised to $250.00

Netflix (NASDAQ:NFLXGet Rating) had its price target hoisted by investment analysts at Benchmark from $225.00 to $250.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “sell” rating on the Internet television network’s stock. Benchmark’s price objective suggests a potential downside of 27.01% from the stock’s previous close.

A number of other research analysts have also recently commented on NFLX. Truist Financial upped their price target on Netflix from $210.00 to $339.00 and gave the company a “hold” rating in a research report on Tuesday, January 17th. UBS Group upped their price target on Netflix from $250.00 to $350.00 in a research report on Tuesday, January 17th. Pivotal Research raised Netflix from a “sell” rating to a “buy” rating and upped their price target for the company from $200.00 to $375.00 in a research report on Wednesday, October 26th. JPMorgan Chase & Co. upped their price target on Netflix from $330.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Credit Suisse Group upped their price target on Netflix from $263.00 to $271.00 and gave the company a “neutral” rating in a research report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $338.47.

Netflix Stock Up 8.5 %

NFLX stock opened at $342.50 on Friday. The stock’s fifty day simple moving average is $304.91 and its two-hundred day simple moving average is $259.68. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68. Netflix has a 1-year low of $162.71 and a 1-year high of $458.48. The stock has a market cap of $152.42 billion, a P/E ratio of 30.69, a P/E/G ratio of 3.69 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Rating) last posted its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.30). Netflix had a return on equity of 27.64% and a net margin of 16.03%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.85 billion. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that Netflix will post 10.31 EPS for the current year.

Hedge Funds Weigh In On Netflix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Phocas Financial Corp. bought a new position in Netflix during the 4th quarter worth approximately $29,000. Yarbrough Capital LLC bought a new position in Netflix during the 4th quarter worth approximately $29,000. Gould Capital LLC purchased a new stake in Netflix in the 2nd quarter worth approximately $26,000. Carolinas Wealth Consulting LLC lifted its holdings in Netflix by 27.6% in the 3rd quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock worth $38,000 after buying an additional 35 shares during the period. Finally, EWG Elevate Inc. purchased a new stake in Netflix in the 4th quarter worth approximately $48,000. 77.26% of the stock is currently owned by institutional investors.

About Netflix

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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