SunTrust Robinson analyst Matthew Thornton maintained a Buy rating on Netflix (NFLX) today and set a price target of $402. The company’s shares opened today at $362.44, close to its 52-week high of $386.80.
According to TipRanks.com, Thornton is a 3-star analyst with an average return of 3.0% and a 40.0% success rate. Thornton covers the Technology sector, focusing on stocks such as Activision Blizzard, Criteo SA, and Yelp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Netflix with a $408.33 average price target, which is a 12.7% upside from current levels. In a report issued on July 5, Stifel Nicolaus also maintained a Buy rating on the stock.
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Netflix’s market cap is currently $160B and has a P/E ratio of 130.71. The company has a Price to Book ratio of 28.06.
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