JP Morgan reported on Netflix Inc. (NASDAQ:NFLX), hiking its price target to $125.00 earlier today
- Updated: September 27, 2016
Boasting a price of $96.79, Netflix Inc. (NASDAQ:NFLX) traded 2.77% higher on the day. With the last stock price close up 1.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Netflix Inc. has recorded a 50-day average of $96.70 and a two hundred day average of $96.16. Volume of trade was down over the average, with 7,939,372 shares of NFLX changing hands under the typical 10,711,400
JP Morgan bumped up the target of Netflix Inc. (NASDAQ:NFLX) to $125.00 stating a potential upside of 0.29%.
On Monday September 26, 2016, Zacks Investment Research released a statement for Netflix Inc. (NASDAQ:NFLX) bumped up the target price from $0.00 to $107.00 that suggested an upside of 0.12%.
With a total market value of $0, Netflix Inc. has 52 week low of $79.95 and a 52 week high of $133.27 with a PE ratio of 303.69 .
In addition to JP Morgan reporting its stock price target, a total of 40 brokerages have issued a ratings update 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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