Price Target Update on Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX) : The highest short term price target forecast on Netflix (NASDAQ:NFLX) is $146 and the lowest target price is $45. A total of 27 equity analysts are currently covering the company. The average price of all the analysts is $119.98 with a standard deviation of $25.37.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Goldman Sachs maintains its ratings on Netflix (NASDAQ:NFLX). In the latest research report, Goldman Sachs lowers the target price from $130 per share to $120 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 19, 2016.

Netflix (NASDAQ:NFLX): stock turned positive on Thursday. Though the stock opened at $90.62, the bulls momentum made the stock top out at $91.68 level for the day. The stock recorded a low of $88.15 and closed the trading day at $91.66, in the green by 1.83%. The total traded volume for the day was 10,819,033. The stock had closed at $90.01 in the previous days trading.

The company shares have dropped -5.14% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $133.27 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $94.59 and the 200 Day Moving Average price is recorded at $100.41. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Netflix Inc, Barton Richard N had sold 2,800 shares worth of $283,948 in a transaction dated June 1, 2016. In this transaction, 2,800 shares were sold at $101.41 per share.

Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.