Monness analyst Brian White maintained a Buy rating on Netflix (NASDAQ: NFLX) today and set a price target of $460. The company’s shares closed on Friday at $408.25, close to its 52-week high of $423.21.
According to TipRanks.com, White is a top 100 analyst with an average return of 16.6% and a 69.1% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $371.67, representing a -9.0% downside. In a report issued on June 26, Imperial Capital also initiated coverage with a Buy rating on the stock with a $503 price target.
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Based on Netflix’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $290 million. In comparison, last year the company had a net profit of $65.6 million.
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