After Guggenheim and RBC Capital gave Netflix (NASDAQ: NFLX) a Buy rating last month, the company received another Buy, this time from Goldman Sachs. Analyst Heath Terry maintained a Buy rating on Netflix today and set a price target of $670.00. The company’s shares closed last Wednesday at $493.20.
According to TipRanks.com, Terry is a top 100 analyst with an average return of 26.5% and a 66.7% success rate. Terry covers the Technology sector, focusing on stocks such as Zillow Group Class A, GoodRx Holdings, and Pinterest.
Currently, the analyst consensus on Netflix is a Moderate Buy with an average price target of $572.92, a 14.3% upside from current levels. In a report issued on October 6, Piper Sandler also maintained a Buy rating on the stock with a $534.00 price target.
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Netflix’s market cap is currently $231.7B and has a P/E ratio of 89.50. The company has a Price to Book ratio of -14.79.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NFLX in relation to earlier this year. Last month, Richard N. Barton, a Director at NFLX sold 4,907 shares for a total of $2,698,850.
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.
Netflix, Inc. is a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.
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