Netflix (NFLX) has been rated by 29 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $139 and the lowest price target forecast is $50. The average forecast of all the analysts is $105.86 and the expected standard deviation is $21.81.
Netflix (NFLX) : 30 analysts are covering Netflix (NFLX) and their average rating on the stock is 2.2, which is read as a Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Netflix (NFLX) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Major Brokerage house, William Blair upgrades its ratings on Netflix (NASDAQ:NFLX). According to the latest information available, the shares are now rated Market Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on August 24, 2016.
Netflix (NASDAQ:NFLX): The stock opened at $97.81 on Thursday but the bulls could not build on the opening and the stock topped out at $97.98 for the day. The stock traded down to $96.92 during the day, due to lack of any buying support eventually closed down at $97.38 with a loss of -0.07% for the day. The stock had closed at $97.45 on the previous day. The total traded volume was 4,148,621 shares.
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.