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Stifel Nicolaus Maintains Their Hold Rating on Netflix (NFLX)

Stifel Nicolaus analyst Scott Devitt maintained a Hold rating on Netflix (NFLXResearch Report) today and set a price target of $240.00. The company’s shares closed last Wednesday at $184.06, close to its 52-week low of $162.71.

According to TipRanks.com, Devitt is a 4-star analyst with an average return of 6.8% and a 41.3% success rate. Devitt covers the Technology sector, focusing on stocks such as Zillow Group Class A, Alphabet Class A, and Clear Secure.

Currently, the analyst consensus on Netflix is a Hold with an average price target of $269.19, representing a 45.4% upside. In a report issued on June 30, Truist Financial also maintained a Hold rating on the stock with a $210.00 price target.

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The company has a one-year high of $700.99 and a one-year low of $162.71. Currently, Netflix has an average volume of 13.84M.

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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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