Companies in the Services sector have received a lot of coverage today as analysts weigh in on Netflix (NASDAQ:NFLX) and Domino’s Pizza (NYSE:DPZ).
Netflix (NFLX)
In a report released today, Brian White from Monness assigned a Buy rating to Netflix, with a price target of $430. The company’s shares closed yesterday at $400.48, close to its 52-week high of $423.21.
According to TipRanks.com, White is a top 100 analyst with an average return of 17.0% and a 69.5% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $401.86 average price target, implying a 0.3% upside from current levels. In a report issued on July 10, Credit Suisse also initiated coverage with a Buy rating on the stock with a $500 price target.
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Domino’s Pizza (DPZ)
In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Domino’s Pizza, with a price target of $285. The company’s shares closed yesterday at $279.19, close to its 52-week high of $293.81.
Anderson said:
“We maintain our Hold rating on Domino’s Pizza (DPZ), though raise our price target to $285, from $270 ahead of the company’s release of 2Q18 (June) earnings on July 19, 2018. Although we maintain our in-line 2Q18 EPS estimate of $1.74, we raise our 2018 EPS estimate to $8.38, from $8.32 (vs. $8.31 consensus), and our 2019 EPS estimate to $9.88, from $9.66 (vs. $9.62 consensus) amid fresh concerns at peer Papa John’s (PZZA—NR) and the likelihood of accelerated market share gains in the next few quarters. DPZ’s positive fundamentals warrant a premium multiple, in our view, but we believe these positives have been priced into shares.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.4% and a 74.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Domino’s Pizza has an analyst consensus of Moderate Buy, with a price target consensus of $291, representing a 4.2% upside. In a report issued on July 12, Jefferies also reiterated a Hold rating on the stock with a $255 price target.
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