Netflix, Inc. (NFLX) PT Raised to $235.00

Tammy Harvey
October 18, 2017

The stock has an average rating of "Buy" and an average target price of $200.29. On October 12 Stifel Nicolaus maintained a stock rating of "Buy" and moved up the price target from $143.00 to $230.00. The stock has a market capitalization of $86.25 billion, a price-to-earnings ratio of 243.04 and a beta of 1.09.

Among 23 analysts covering Netflix Inc. Relative to our guidance of 4.4 million net adds, we under-forecastedboth USA and worldwide acquisition.

Netflix also has been helped by continued increases in broadband availability and speeds globally and the fact that in most of the world net neutrality regulations allow Netflix to piggyback for almost free on the substantial investment made by cable and telecom companies, he said. The correct version of this article can be accessed at https://weekherald.com/2017/10/17/netflix-inc-nflx-pt-raised-to-235-00.html.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 82.9 Percent.

Following on from the second-quarter partnership with SFR/Altice in France, it also announced a new partnership with T-Mobile US which includes the bundling of Netflix into its ONE family plan. Return on Assets is 2.50%.


Netflix stock received price-target hikes from at least eight Wall Street firms that rate it as buy: KeyBanc Capital Markets, JPMorgan, Morgan Stanley, Oppenheimer, Piper Jaffray, Pivotal Research Group, RBC Capital Markets and UBS. The firm now has a hold rating on the Internet television network's stock. At the moment, the average analyst rating for NFLX is Moderate Buy. Out of 42 analysts covering the stock, 26 have a "buy" or higher rating, 14 "hold" and two have a "sell" or lower. On average, equities analysts anticipate that Netflix will post $1.19 EPS for the current fiscal year. (NDAQ:NFLX), 17 have Buy rating, 0 Sell and 6 Hold.

Nonetheless, Netflix has remained profitable, under USA accounting rules.

Previously on Monday October 16, 2017, Aegis Capital reported on Netflix (NASDAQ:NFLX) increased the target price from $0.00 to $200.00.

"We are growing nicely across the world and are on track to exceed $11 billion in revenue in 2017", Netflix said in a letter to shareholders. OppenheimerFunds Inc. now owns 7,528 shares of the Internet television network's stock worth $1,113,000 after purchasing an additional 117 shares during the last quarter. The company's quarterly revenue was up 30.3% compared to the same quarter previous year. When it comes to net revenue, the average estimate from a total of 36 analysts is 3.15 billion - compared to $2.48 billion posted in the year-ago period.

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