Netflix (NFLX) : Zacks Investment Research ranks Netflix (NFLX) as 2, which is a Buy recommendation. 14 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 2 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 27 research analysts is 2.04, which indicates as a Buy.
Netflix (NFLX) : The most positive equity analysts on Netflix (NFLX) expects the shares to touch $146, whereas, the least positive believes that the stock will trade at $45 in the short term. The company is covered by 26 Wall Street Brokerage Firms. The average price target for shares are $121.39 with an expected fluctuation of $24.78 from the mean.
Netflix (NASDAQ:NFLX): The stock opened at $95.03 on Wednesday but the bulls could not build on the opening and the stock topped out at $96.00 for the day. The stock traded down to $93.55 during the day, due to lack of any buying support eventually closed down at $94.60 with a loss of -3.38% for the day. The stock had closed at $97.91 on the previous day. The total traded volume was 16,301,211 shares.
Also, Canaccord Genuity initiates coverage on Netflix (NASDAQ:NFLX) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $120 per share. The rating by the firm was issued on July 1, 2016. The company shares have rallied 4.71% 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 $95.06 and the 200 Day Moving Average price is recorded at $98.27.
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.