Netflix (NFLX) Gets a Hold Rating from Needham

Needham analyst Laura Martin maintained a Hold rating on Netflix (NFLXResearch Report) today. The company’s shares closed last Tuesday at $201.63, close to its 52-week low of $162.71.

According to, Martin is a 3-star analyst with an average return of 1.2% and a 41.0% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Paramount Global Class B, and Tremor International.

Netflix has an analyst consensus of Hold, with a price target consensus of $232.22, implying a 20.3% upside from current levels. In a report issued on July 5, J.P. Morgan also maintained a Hold rating on the stock with a $230.00 price target.

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Based on Netflix’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.87 billion and net profit of $1.6 billion. In comparison, last year the company earned revenue of $7.16 billion and had a net profit of $1.71 billion.

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Netflix, Inc. is a subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA.

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