Brokerage Firm Rating Update on Netflix (NFLX)

Netflix (NFLX) : Zacks Investment Research ranks Netflix (NFLX) as 3, which is a Hold recommendation. 14 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 30 research analysts is 2.2, which indicates as a Buy.

Netflix (NFLX) : The consensus price target for Netflix (NFLX) is $105.86 for the short term with a standard deviation of $21.81. The most optimist securities analyst among the 29 who monitor the stock believes that the stock can reach $139, however, the pessimist price target for the company is $50.


Company shares have received an average consensus rating of Hold for the current week Also, Axiom Capital initiates coverage on Netflix (NASDAQ:NFLX) The brokerage firm has issued a Sell rating on the shares. The Analysts at the ratings agency announces the price target to $80 per share. The rating by the firm was issued on August 29, 2016.

Netflix (NASDAQ:NFLX): stock was range-bound between the intraday low of $98.42 and the intraday high of $100.19 after having opened at $100.11 on Wednesdays session. The stock finally closed in the red at $100.11, a loss of -0.94%. The stock remained in the red for the whole trading day. The total traded volume was 6,468,512 shares. The stock failed to cross $100.19 in Wednesdays trading. The stocks closing price on Thursday was $100.09.

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.

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