Breaking Finance News

Vetr Inc. covered Netflix, Inc. (NASDAQ:NFLX), upping its target price to $105.11 today

Yesterday Netflix, Inc. (NASDAQ:NFLX) traded 1.24% higher at $101.47. The company’s 50-day moving average is $98.93 and its 200-day moving average is $96.40. The last stock close price is up 5.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 9,531,056 shares of NFLX traded hands, down from an average trading volume of 9,983,610

Netflix, Inc. (NASDAQ:NFLX) had its target price raised to $105.11 by Vetr Inc. in a report released 10/17/2016. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.

Previously on 10/11/2016, Vetr Inc. reported about Netflix, Inc. (NASDAQ:NFLX) raised the target price from $0.00 to $106.17. At the time, this indicated a possible upside of 0.03%.

Recent Performance Chart

Netflix, Inc. (NASDAQ:NFLX)

Netflix, Inc. has PE ratio of 317.09 with a one year low of $79.95 and a one year high of $133.27 and has a market capitalization of $0.

A total of 40 firms have issued a ratings update on the company. 6 brokers rating the stock a strong buy, seventeen brokerages rating the company a buy, fifteen equity analysts rating the company a hold, three brokers rating the stock a underperform, and finally 2 firms rating the stock a sell with a consensus target price of $117.22.

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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