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Pivotal Research Group announced Netflix (NASDAQ:NFLX), boosting its stock price target to $155.00 today

In a report announced on Tuesday October 18, 2016 Pivotal Research Group upped the target price of Netflix (NASDAQ:NFLX) from $125.00 to $155.00 stating a potential upside of 0.55%.

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

Yesterday Netflix (NASDAQ:NFLX) traded -1.65% lower at $99.80. The company’s 50-day moving average is $98.99 and its 200-day moving average is $96.28. The last closing price is up 3.65% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 26,589,483 shares of the stock were exchanged, up from an average trading volume of 10,204,300

See Chart Below

Netflix (NASDAQ:NFLX)

Netflix has a 52 week low of $79.95 and a 52 week high of $133.27 with a P/E ratio of 311.88 The company’s market cap is currently $0.

In addition to Pivotal Research Group 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 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.

General Information 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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