Netflix Gets a Hold Rating from Jefferies


In a report released yesterday, John Janedis from Jefferies reiterated a Hold rating on Netflix (NASDAQ: NFLX), with a price target of $320. The company’s shares closed yesterday at $379.48.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 12.1% and a 68.6% success rate. Janedis covers the Services sector, focusing on stocks such as Madison Square Garden Co, Charter Communications, and Eros International Plc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $390.21 average price target, representing a 2.8% upside. In a report issued on July 11, UBS also downgraded the stock to Hold with a $425 price target.

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The company has a one-year high of $423.21 and a one-year low of $164.23. Currently, Netflix has an average volume of 10.49M.

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