In a report released today, Mark Mahaney from Evercore ISI maintained a Hold rating on Netflix (NFLX – Research Report), with a price target of $525.00. The company’s shares closed last Thursday at $358.55, close to its 52-week low of $329.82.
According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 35.9% and a 56.5% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Integral Ad Science.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $511.59 average price target, a 42.2% upside from current levels. In a report issued on March 9, Wedbush also upgraded the stock to Hold with a $342.00 price target.
Based on Netflix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.71 billion and net profit of $607 million. In comparison, last year the company earned revenue of $6.64 billion and had a net profit of $542 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NFLX in relation to earlier this year.
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 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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