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Canaccord Genuity announced Netflix Inc. (NASDAQ:NFLX), bumping up its stock price target to $140.00 today

Just yesterday Netflix Inc. (NASDAQ:NFLX) traded -1.65% lower at $0.00. Netflix Inc.’s 50-day moving average is $98.99 and its 200-day moving average is $96.28. The last stock price is down 3.65% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 26,589,483 shares of NFLX traded hands, up from an average trading volume of 10,204,300

In a report released on Tuesday October 18, 2016 Canaccord Genuity increased the stock price target of Netflix Inc. (NASDAQ:NFLX) from $115.00 to $140.00 reporting a possible upside of 0%.

Previously on 10/17/2016, Vetr Inc. released a statement about Netflix Inc. (NASDAQ:NFLX) increased the target price from $0.00 to $105.11. At the time, this indicated a possible upside of 0.04%.

Recent Performance Chart

Netflix Inc. (NASDAQ:NFLX)

Netflix Inc. has 52 week low of $79.95 and a 52 week high of $133.27 with a PE ratio of 311.88 and has a market capitalization of $0.

In addition to Canaccord Genuity reporting its stock price target, a total of 40 brokerages have issued a research note on the company. The average stock price target is $117.22 with 6 brokerages rating the stock a strong buy, 17 brokerages rating the stock a buy, 15 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 2 brokerages rating the stock a sell.

Brief Synopsis On Netflix Inc. (NASDAQ:NFLX)

Netflix, Inc. (Netflix) is a provider of Internet television network. The Company's members can watch original series, documentaries and feature films in 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 digital video disc (DVD)-by-mail. The Company's members can watch television shows and movies directly on their televisions, computers and mobile devices. The Company offers streaming service both domestically and internationally. Its members can play, pause and resume watching, without commercials or commitments. Additionally, in the United States, the Company's members can receive DVDs to their homes.

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