Netflix (NFLX) : 14 brokerage houses believe that Netflix (NFLX) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Netflix (NFLX). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 30 Wall Street Analysts endorse the stock as a Buy with a rating of 2.27.
Netflix (NFLX) : Currently there are 29 street experts covering Netflix (NFLX) stock. The most bullish and bearish price target for the stock is $139 and $50 respectively for the short term. The average price target of all the analysts comes to $105.86. The estimated standard deviation from the target is $21.81.
Also, Axiom Capital initiates coverage on Netflix (NASDAQ:NFLX).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Axiom Capital announces the price target of $80 per share. The rating by the firm was issued on August 29, 2016.
Netflix (NASDAQ:NFLX): After opening at $97.23, the stock dipped to an intraday low of $96.53 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $97.97 and the buying power remained strong till the end. The stock closed at $97.34 for the day, a gain of 0.34% for the day session. The total traded volume was 5,299,930. The stocks close on the previous trading day was $97.01.
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.