Netflix (NFLX) Receives a Rating Update from a Top Analyst

In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Netflix (NFLX), with a price target of $550.00. The company’s shares closed last Tuesday at $501.77.

According to, Devitt is a top 25 analyst with an average return of 36.5% and a 71.6% success rate. Devitt covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class A, and Lufax Holding.

Currently, the analyst consensus on Netflix is a Moderate Buy with an average price target of $594.50, representing a 18.7% upside. In a report issued on January 11, Credit Suisse also maintained a Hold rating on the stock with a $525.00 price target.

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Netflix’s market cap is currently $220B and has a P/E ratio of 80.30. The company has a Price to Book ratio of -14.93.

Based on the recent corporate insider activity of 52 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. Most recently, in November 2020, Jay Hoag, a Director at NFLX sold 21,119 shares for a total of $9,881,158.

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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