In a report released yesterday, David Miller from Imperial Capital maintained a Buy rating on Netflix (NFLX), with a price target of $463. The company’s shares closed yesterday at $339.10.
According to TipRanks.com, Miller is a 5-star analyst with an average return of 13.6% and a 61.4% success rate. Miller covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and MSG Networks Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $396.40 average price target, implying a 16.9% upside from current levels. In a report issued on January 4, Goldman Sachs also upgraded the stock to Buy with a $400 price target.
See today’s analyst top recommended stocks >>
Based on Netflix’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $403 million. In comparison, last year the company had a net profit of $186 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on NFLX:
