Merrill Lynch analyst Nat Schindler was out pounding the table on Netflix, Inc. (NASDAQ:NFLX) Tuesday, reiterating a Buy rating and price target of $164, which represents a potential upside of 70% from where the stock is currently trading.
Schindler noted, “Although we see some risk to near term subscriber estimates, which could create volatility in the stock, we see a strong long-term growth story in Netflix. We maintain our Buy rating and our $164 PO based on our peak penetration sum of parts valuation. Netflix may face potential sub challenges in FY16, but as Netflix’s high quality original content grows, the value position to consumers continues to grow driving sub growth.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Nat Schindler has a total average return of -5% and a 42% success rate. Schindler has a -69% average return when recommending NFLX, and is ranked #3196 out of 3694 analysts.
Out of the 41 analysts polled by TipRanks, 25 rate Netflix stock a Buy, 12 rate the stock a Hold and 4 recommend a Sell. With a return potential of 29%, the stock’s consensus target price stands at $124.13.
General Electric Company
Merrill Lynch’s John Murphy reiterated a Buy rating on shares of General Motors, with a price target of $44, after the company hosted an analyst dinner in New York City, featuring Executive VP & CFO Chuck Stevens.
Murphy observed, “In our view, the tone of the dinner was positive and the key takeaways were as follows: 1) While not their base case forecast in the near-term, the company is proactively managing for the ultimate downturn. 2) GM is just beginning to hit the sweet spot of its product renaissance. 3) 2016 and longer-term targets remain on track. 4) Capital allocation, and in particular return of shareholder value, remain in focus.”
The analyst continued, “While certainly not the company’s base case assumption, at least in the near-term, GM noted that it is proactively managing its business and adjusting its cost structure to weather the ultimate downturn in the US cycle. In fact, GM expects to achieve $5.5bn in cost efficiencies by 2018, and has numerous levers it can pull beyond that once the cycle turns, including utilizing its flexible work force and executing incremental cost cutting opportunities up to the $5 billion range.”
According to TipRanks.com, analyst John Murphy has a total average return of 10% and a 66% success rate. Murphy has a 0.1% average return when recommending GM, and is ranked #533 out of 3694 analysts.
Out of the 13 analysts polled by TipRanks, 6 rate General Motors stock a Buy, 6 rate the stock a Hold and 1 recommends to Sell. With a return potential of 32%, the stock’s consensus target price stands at $40.11.