On Oct 08, major Wall Street analysts update their ratings for $Netflix (NFLX.US)$, with price targets ranging from $750 to $820.
J.P. Morgan analyst Doug Anmuth maintains with a buy rating, and maintains the target price at $750.
Wells Fargo analyst Steven Cahall maintains with a buy rating, and maintains the target price at $758.
TD Cowen analyst John Blackledge maintains with a buy rating, and adjusts the target price from $775 to $820.
Monness analyst Brian White maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Netflix (NFLX.US)$'s main analysts recently are as follows:
Netflix's valuation is heavily reliant on the expectation that its revenue growth will continue at a low-double-digit rate for the foreseeable future. However, sustaining this growth is expected to become increasingly challenging. It is anticipated that the company's growth strategy will involve certain compromises. Achieving the revenue target may still lead to an inflated stock valuation, which seems to assume a subscriber base expansion of more than double the current figures, a scenario that is viewed as improbable.
The firm anticipates that Netflix's Q3 results will reveal a growth in paid net member additions, surpassing consensus estimates. This expectation is based on the continuation of benefits from paid sharing, the momentum of the advertising-supported video on demand platform, and the company's inherent business robustness.
Here are the latest investment ratings and price targets for $Netflix (NFLX.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.