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A statement released earlier today by Loop Capital about Netflix Inc. (NDAQ:NFLX) raises the target price to $180.00

Netflix Inc. (NDAQ:NFLX) had its stock price target increased to $180.00 by Loop Capital in an issued report announced 5/24/2017. The upped price target implies a potential upside of 0.14% from the company's most recent stock price close.

Previously on 5/23/2017, Jefferies & Co reported on Netflix Inc. (NDAQ:NFLX) raised the target price from $0.00 to $141.00. At the time, this indicated a possible downside of -0.11%.

Just yesterday Netflix Inc. (NDAQ:NFLX) traded -2.37% lower at $157.58. NFLX’s 50-day average is $183.35 and its two hundred day average is $165.87. With the last stock price close down 19.30% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Volume of trade was up over the average, with 17,779,775 shares of NFLX changing hands over the typical 7,457,130

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Netflix Inc. (NDAQ:NFLX)

Netflix Inc. has a 52 week low of $98.38 and a 52 week high of $204.38 with a P/E ratio of 240.73 The company’s market cap is currently $0.

In addition to Loop Capital reporting its target price, a total of 40 brokerages have released a report on Netflix Inc.. The 12-month price target is $117.22 with 6 brokerages rating the stock a strong buy, seventeen analysts rating the company a buy, fifteen analysts rating the company a hold, 3 firms rating the stock a underperform, and finally two equity analysts rating the company a sell.

Brief Synopsis About Netflix Inc. (NDAQ:NFLX)

Netflix, Inc. is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States. The Domestic DVD segment includes services, such as digital optical disc (DVD)-by-mail. The Company's members can watch original series, documentaries, feature films, as well as television shows and movies directly on their Internet-connected screen, televisions, computers and mobile devices. It offers its streaming services both domestically and internationally. In the United States, its members can receive DVDs delivered to their homes. The Company had members streaming in over 190 countries, as of December 31, 2016.

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