Netflix (NFLX) Gets a Buy Rating from Credit Suisse
In a report released today, Douglas Mitchelson from Credit Suisse maintained a Buy rating on Netflix (NASDAQ: NFLX), with a price target of $470. The company’s shares opened today at $355.71.
According to TipRanks.com, Mitchelson is a 5-star analyst with an average return of 17.3% and a 63.8% success rate. Mitchelson covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and 21st Century Fox.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $392 average price target, implying a 10.2% upside from current levels. In a report issued on September 26, Macquarie also maintained a Buy rating on the stock with a $388 price target.
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The company has a one-year high of $423.21 and a one-year low of $178.38. Currently, Netflix has an average volume of 10.88M.
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