In a report released today, Benjamin Swinburne from Morgan Stanley maintained a Buy rating on Netflix (NFLX), with a price target of $400.00. The company’s shares closed last Monday at $282.93.
According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 10.5% and a 59.2% success rate. Swinburne covers the Services sector, focusing on stocks such as Live Nation Entertainment, Madison Square Garden Co, and Charter Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Netflix with a $384.77 average price target, which is a 35.1% upside from current levels. In a report issued on October 2, Piper Jaffray also reiterated a Buy rating on the stock with a $440.00 price target.
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The company has a one-year high of $385.99 and a one-year low of $231.23. Currently, Netflix has an average volume of 8.26M.
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