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Deutsche Bank announced Netflix (NASDAQ:NFLX), boosting its stock price target to $90.00 today

Netflix (NASDAQ:NFLX) had its price target upped to $90.00 by Deutsche Bank in an issued report announced 10/10/2016. The latest stock price target implies a possible downside of -0.14% from the company's last stock close price.

Boasting a price of $104.82, Netflix (NASDAQ:NFLX) traded -0.45% lower on the day. With the last close up 8.33% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Netflix has recorded a 50-day average of $98.20 and a two hundred day average of $96.33. Volume of trade was down over the average, with 3,767,446 shares of NFLX changing hands under the typical 10,151,200

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Netflix has PE ratio of 326.09 with a one year low of $79.95 and a 52 week high of $133.27 and has a market cap of $0.

In addition to Deutsche Bank reporting its target price, a total of 40 brokers have issued a report on the stock. The consensus target price is $117.22 with 6 brokers rating the stock a strong buy, 17 brokers rating the stock a buy, 15 brokers rating the stock a hold, 3 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.

About Netflix (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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